Resolution confirmed it has completed the acquisition of the Bupa Health Assurance Ltd (BHA) business comprising Bupa Group Risk and Bupa Individual Protection.
Initially, it is intended that BHA will be run as a stand-alone entity before being integrated with Friends Provident. Steve Payne, chief executive of BHA, will continue in his role and be responsible for the day-to-day management of BHA operations. Steve will report directly to Trevor Matthews, CEO of Friends Provident.
The addition of the BHA business confirms Friends Provident’s commitment to the group risk market and offers an extended product range (group life, group income protection, and group critical illness) to its supporting intermediaries alongside its corporate pension proposition. It will also enhance Friends Provident’s individual protection offering on a ‘best of the best’ basis.
Source : Friends Provident Press Release