Herbert Smith Reps Resolution In $164M Bupa Buy

Law360, New York (October 15, 2010, 1:52 PM EDT) -- British buyout group Resolution Ltd. has purchased Bupa Health Assurance Ltd., the U.K. group risk and individual protection outpost of international healthcare group Bupa, for £102 million ($164 million).

The deal, made by Resolution subsidiary Friends Provident Life and Pensions Ltd., will allow the company to offer a complete suite of group-risk products, Resolution said on Friday.

Friends currently holds market shares in the corporate pensions and individual protection markets but only has a modest position in the group-income protection market. BHA Group Risk's operations will...
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