Chesnara to acquire Conservatrix for £35m.

Chesnara, a life assurance and pensions consolidator, agreed to acquire Conservatrix, a provider of various financial insurance services, for £35m. "We are delighted to announce the acquisition of Conservatrix's insurance portfolio and to welcome the Conservatrix customers and staff to the Chesnara Group. We recognise that the bankruptcy of Conservatrix has caused significant uncertainty for its customers and employees, but we hope that today's announcement provides certainty and a clear way forward for them," Steve Murray, Chesnara CEO.