HSBC to Sell UK Life Unit to Chesnara for $355M

HSBC sells UK life arm to Chesnara

The acquisition will increase Chesnara’s assets under administration by approximately £4bn. The post HSBC sells UK life arm to Chesnara appeared first on Investment International.

HSBC to sell UK life unit to Chesnara for $355M

Chesnara To Acquire HSBC Life (UK) In £260 Million Deal

Chesnara plc has reached an agreement to acquire HSBC Life (UK), a specialist in life protection and investment bonds, from HSBC Bank plc in a transaction valued at £260 million. The deal, which remains subject to regulatory approvals, is expected to close in early 2026. The acquisition will be funded through a combination of £55 million in internal cash reserves, a £65 million drawdown from Chesnara’s amended £150 million revolving credit facil…

Chesnara agrees to buy HSBC Life for £260m

Life insurance and pensions consolidator Chesnara has entered into an agreement to purchase HSBC Life UK from HSBC bank for a consideration of £260m. The post Chesnara agrees to buy HSBC Life for £260m appeared first on Mortgage Solutions.

Chesnara agrees to purchase HSBC Life for £260m  – Mortgage Finance Gazette

Chesnara has agreed to buy HSBC’s protection and investment bond unit for £260m, which the life and pensions consolidator says is “a material step up in scale” for the business.  Chesnara says the acquisition of HSBC Life will add around £4bn of assets under administration and approximately 454,000… The post Chesnara agrees to purchase HSBC Life for £260m  appeared first on Mortgage Finance Gazette.

Chesnara agrees to buy HSBC Life for £260m  – Mortgage Strategy

Chesnara has agreed to buy HSBC’s protection and investment bond unit for £260m, which the life and pensions consolidator says is “a material step up in scale” for the business.  Chesnara says the acquisition of HSBC Life will add around £4bn of assets under administration and approximately 454,000 policies. The unit