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Bupa gets greenlight for business transfer

Bupa gets greenlight for business transfer | Insurance Business UK

Bupa gets greenlight for business transfer

The Prudential Regulation Authority (PRA) has given the go-ahead for CS Healthcare’s 17,500 members and business to be transferred to Bupa in the New Year. 

PRA’s greenlight is the last nod needed, following clearance from the Competition and Markets Authority and the Channel Islands Competition and Regulatory Authorities.

“We’re pleased that the PRA has approved the transfer of CS Healthcare’s business and members to Bupa, which is the final regulatory step,” commented Bupa UK Insurance chief executive Alex Perry. “We’re very much looking forward to welcoming CS Healthcare’s members and people to Bupa on January 01, 2021.

“The transfer offers a number of benefits to CS Healthcare members, including reassurance over the sustainability of their health insurance, enhanced policy benefits, and greater access to health and well-being benefits to support their physical and mental health.”

In September, members of CS Healthcare also voted in favour of the Bupa switch.