Benfield shares drop

I note that

Reinsurance broker Benfield saw group trading result slip by 26% as staff and investment costs ballooned.

Group trading result for the year to December dropped to £63.3m from £86.3m previously, while pre-tax profit slipped to £53.8m from £57.9m last year.

Revenue increased 6.8% to £324m from £303.5m but was offset by a 20.1% rise in general and administrative expenses to £260.8m.

So perhaps some of my former colleagues will be able to afford to buy me a drink now…