What is the procedure of transferring IHI businesses to Bupa?
IHI will transfer its business to Bupa using a procedure under Danish law. This procedure requires the approval of the DFSA, who are fully involved with the process. They have now issued a statement on the proposal and a copy of that statement is attached with this communication. Further requirements of the process involve the notification of and the consent from other European Economic Area (EEA) Regulators and publications of notice in newspapers within the EEA. IHI and Bupa will work together with the DFSA and the Financial Services Authority (“FSA”) in the UK to ensure that the transfer is appropriately managed and that there is the minimum disruption to your policies. 9. Will your existing insurance agent or broker be replaced by a new representative? No – all agents and brokers will be able to continue with representing Bupa on the same basis as they currently represent IHI. 10. Will you need to enter into an new insurance contract with the new insurer? No, on transfer your exist
