Bupa is to grow its international operations by acquiring IHI Danmark, a Danish business that provides cover for some 240,000 expatriates and high net worth individuals in more than 190 countries.
The company will be integrated into Bupas existing expatriates business, Bupa International, which insures approaching 300,000 people worldwide. The company will continue to market its products and services under the IHI Danmark identity and its business will continue to be serviced from the existing offices in Copenhagen.
Dean Holden, managing director, Bupa International Businesses, said, Over one third of Bupas business now comes from its international operations. IHI Danmark has an excellent reputation and we believe it will complement our existing business. This acquisition will give us an important position in the Latin American and European markets and create a strong platform for further growth for our expatriate and high worth health insurance business.