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Bupa appoints two non-executive board directors

Bupa has appointed former Unum managing director Lawrence Churchill to its board.

Churchill, also former Zurich Financial Services Life chief executive, will sit as a non-executive member and become a member of Bupa’s Audit Committee.

Sir John Tooke has also been appointed to the board as a non-executive member, with effect from July 1. He will also serve as chairman of Bupa’s Medical Advisory Panel.

Bupa chairman Lord Leitch says: “We are fortunate to have attracted two individuals with such strong credentials. Their appointments further strengthen the board’s knowledge and experience. We look forward to welcoming them.”


Solvency solutions

Solvency II, the new regulatory regime for insurance companies across the European Economic Area, was approved by the EU parliament on April 22 and ratified by Ecofin on May 5. The regime is scheduled to come into force on October 31, 2012.

Investec merges offshore bond funds

Investec Asset Management has merged three offshore bond mandates into its Luxembourg-domiciled Global Strategy Fund (GSF) Investment Grade Corporate Bond fund. The assets of the GSF US Dollar, European and Sterling Bond funds were all merged into the groups offshore investment grade corporate bond mandate, which according to Investec is one of just 11 Luxembourg […]

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]


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