LONDON (Reuters) -Life and pensions company Chesnara has agreed to buy HSBC's UK life insurance business for 260 million ...

The deal is expected to boost Chesnara’s scale in the UK, adding approximately £4bn in assets under administration and around ...

Chesnara, the UK life and pensions consolidator, launched a £140m rights issue to finance its takeover of HSBC’s UK life ...

UK life and pensions consolidator Chesnara has struck a deal with HSBC Bank to acquire its protection and investment bond arm ...

Chesnara, which was formed in 2004 and has operations in the UK and Europe, reported assets under administration of 14 billion pounds ($18.7 billion) as of December 31, 2024.

Chesnara said the acquisition would enhance the future cash generation of the group, with around £140m expected in the first ...

HSBC to offload its U.K. life insurance unit to Chesnara for 260 million pounds as it sharpens focus on Asia and high-growth ...

HSBC (NYSE:HSBC) agreed to sell its HSBC Life (UK) Limited unit to Chesnara Plc for £260M (US$355M), Chesnara said in a filing on Thursday. In contrast, Chesnara is consolidating life and pension ...

HSBC Holdings plc HSBC has agreed to sell its life insurance business in the U.K., HSBC Life (UK) Limited, to Chesnara, a life and pensions consolidator, for a cash consideration of £260 million.

HSBC has announced the sale of its UK life insurance business to Chesnara, a move aligned with its strategy to streamline operations and concentrate on markets where it holds a stronger position.

Pensions Age looks back on the key developments in the industry this week, including the FCA's targeted support consultation, key industry rebrands and acquisitions, and more ...