Chesnara

Chesnara plc is a life assurance and pensions business, based in Preston, Lancashire, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]

History

The company was established when the life assurance business of Countrywide was demerged in May 2004.[3] Graham Kettleborough was appointed chief executive at that time and went on to lead the company through the acquisition of a series of other portfolios and businesses.[4] These included City of Westminster Assurance for £70 million in January 2007[5] and the pensions provider, Save & Prosper Group, for £63.5 million in November 2010.[6]

Following the resignation of Kettleborough in December 2014, John Deane was appointed chief executive.[7] The company acquired the Dutch insurance business of Legal & General for £137 million in April 2017.[8][9]

After Deane stepped down in May 2021, Steve Murray became chief executive.[10] In November 2021, the company bought Robein Leven, a provider of savings accounts, mortgages and annuities, operating in the Netherlands.[11]

The company acquired the UK bonds and legacy pensions business of Canada Life in December 2024.[12][13] Then, in July 2025, the company announced that it had signed an agreement to acquire the UK life assurance business of HSBC Life for £260 million, with completion expected in early 2026.[14][15][16] In January 2026, it was announced that Chesnara had completed the acquisition of HSBC Life.[17]

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