Business Services Industry
Updates; Benfield Group opens South Korean office.(World)(Broker Benfield Group Ltd)
Business Insurance, January, 2006
Broker Benfield Group Ltd. has opened an office in Seoul, South Korea. Benfield Korea Ltd. has been licensed by the Financial Supervisory Service of Korea, London-based Benfield said in a statement. Choi Chiwan, formerly a senior executive at Korean Reinsurance Co., has been named president of the operation.
FTSE 100 companies' pension deficit grows The combined deficit of the defined benefit pension plans sponsored by the United Kingdom's 100 largest companies currently stands at about [pounds sterling]75 billion ($130.1 billion), up from [pounds sterling]65 billion ($112.8 billion) at the start of 2005, according to estimates by Deloitte & Touche L.L.P. London-based Deloitte studied disclosures made by FTSE 100 companies, the largest 100 publicly listed...
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