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Resolution remains in the hunt for both large and small acquisitions after agreeing to buy health insurance to investment vehicle Bupa ￡ 102m.The, put in place by the contractor Clive Cowdery, wrong-footed Shearwater insurance market yesterday announcing a considerably smaller agreement that the. 86bn ￡ 1 it paid for Friends Provident in 2009 and. 75bn ￡ 2 that he left parts of UK business insurance from AXA earlier this year.

Stated BHA - described as a "bolt - on" by analysts - included income, life insurance protection and disease grave.La transaction units will be financed by "surplu capital" friends balance, thereby eliminating the need for a rights issue.

BHA will initially run as a standalone unit to be merged with friends and AXA them handset business in the year suivante.Résolution said the acquisition would increase its earnings and added that he could retrieve savings not specified in the agreement.

Trevor Matthews, Chief Executive of friends, said: "this acquisition will strengthen our enterprise risk group product range and improving the profitability of our protective activities."

Resolution aims to build a life with an embedded - value which measures the future profitability of existing businesses - insurer of ￡ with prior to the sale or floating the company in 2013.BHA is embedded 228 million worth of ￡, compared with existing ￡ 6bn resolution.

Other companies known to be in line with resolution focus is business UK Dutch insurer Aegon and clerical medical, is part of the Group of Lloyd banks.BHA agreement should be completed by the beginning of next year.

In response, Bupa said his decision to sell BHA helped to focus on its activities including all its services and products of Medicare United Kingdom resolution basic health care and Bupa concluded also talks about the sale of each of the other products, although discussions are at an early stage.

Resolution share rose 2.3% 253.8 p.

Deutsche Bank analysts said resolution was undervalued because investors fear need issues relating to fees to fund future acquisitions. ""Showing this transaction is that it is nevertheless possible management add value by bolt funded by organically Add-ons.

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Among a number recommendations wide in its report "Common Sense, common security, former Minister of the Government called for the simplification of certain business risk assessments so that low risk — such as offices and shops - environments are are caught in the regulations to hazardous working environments.

Lord Young said there was a growing fear among owners business paying for unreasonable requests.

"What is reasonable for hazardous occupations has been distributed to the rest of life", he said.

Employers should be exempted from conducting assessments of risks for employees working at home in an environment of low-risk, he said, like workers in enterprises of "low risk".

Lord Young also proposed borders on advertising by lawyers "no win, no fee", changes in the way that injury claims are processed and said the Government should negotiate a reduction in paperwork for low risk with the European Commission environments to reduce the obligations of small businesses.

The Council of Ministers agreed Young Lord recommendations and Prime Minister David Cameron called a "turning point" report which would lead to "unnecessary bureaucracy" being put at the disposal.

Adam Marshall, Director of policy and external affairs at the Chamber of commerce UK, said: "companies have long said that health and safety rules can be applied for hazardous environments and offices in the same way - and there are too many burdens involved in allowing employees to work from home."

"These recommendations are able to reduce business costs and time-consuming bureaucratic charges by the risk management much more raisonnable.Ils will also give businesses greater confidence to create jobs."

Alexander Ehmann, head of the Institute Director of regulatory affairs, said the recommendations "go a long way to the burden of enterprises and offices throughout the country.

He added that the Government should now "look at deregulation in the other domain critical of over-regulation - right general work".

John Cridland, Deputy Director General of the CBI, said: "this report rightly criticises the approach of the check box for the health and safety of people often fear noyade.Trop bureaucracy litigation resulted in an approach to health and safety which focused on filling out form rather than dealing with real risks."

"Lord Young report should provide common sense in the system, reduce bureaucracy and improve our approach to risk management."

Mr. Marshall claimed proposals for "fast" so that businesses can begin to enjoy.

However, TUC General Secretary said that the report is "opportunity missed improve the United Kingdom workplace safety record.

Lord Young noted that the 1974 health and safety at work remains a framework "effective", but health and safety had obtained a bad name false interpretations of the rules which are often inspired by negative stories.

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