 | |
| Company type | Public |
|---|---|
| LSE: CSN | |
| Industry | Life assurance and pensions |
| Founded | 2004 |
| Headquarters | Preston, Lancashire, United Kingdom |
Key people | Luke Savage (Chairman) Steve Murray (CEO) |
| Revenue |  £165.5 million (2024)[1] |
| £31.9 million (2024)[1] | |
 £3.9 million (2024)[1] | |
| Website | www |
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
[edit]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]
References
[edit]- ^ a b c "Annual Results 2024" (PDF). Chesnara plc. Retrieved 13 August 2025.
- ^ "Primary Health Properties (UK): Combination with Assura (UK) Changes in FTSE UK Index Series". FTSE Russell. Retrieved 13 August 2025.
- ^ "Countrywide Assured set to complete demerger and listing". Insurance Times. 20 May 2004. Retrieved 13 August 2025.
- ^ "Ten years and out for Chesnara chief". The Times. 4 December 2014. Retrieved 13 August 2025.
- ^ "IL&P sells UK life arm for €70m". RTÉ. 26 January 2007. Retrieved 13 August 2025.
- ^ "Chesnara agrees £63.5m Save & Prosper deal". Insider Media. 29 November 2010. Retrieved 13 August 2025.
- ^ "Chesnara Confirms John Deane To Be CEO On January 1, 2015". RTT News. 1 January 2015. Retrieved 13 August 2025.
- ^ "Legal & General completes £137 million sale of Dutch business". Insurance Business Magazine. 7 April 2017. Retrieved 13 August 2025.
- ^ "Countrywide owner Chesnara in talks to buy L&G's Dutch arm". Sky News. 21 November 2016. Retrieved 13 August 2025.
- ^ "Chesnara hires Royal London's Steve Murray as new CEO". Wealth DFM. 12 May 2021. Retrieved 13 August 2025.
- ^ "Chesnara to acquire Robein Leven from Monument Re". Reinsurance News. 25 November 2021. Retrieved 13 August 2025.
- ^ "Chesnara acquires portfolio with £1.5bn AUM from Canada Life UK". Reinsurance News. 24 December 2024. Retrieved 13 August 2025.
- ^ "Canada Life transfers onshore bonds to Chesnara". FT Adviser. 24 December 2024. Retrieved 13 August 2025.
- ^ "Chesnara agrees £260m HSBC Life acquisition". Insurance Age. 3 July 2025. Retrieved 13 August 2025.
- ^ "Chesnara secures £140mn to support HSBC Life acquisition". FT Adviser. 23 July 2025. Retrieved 13 August 2025.
- ^ "HSBC sells UK life arm to Chesnara". International Adviser. 4 July 2025. Retrieved 13 August 2025.