Chesnara completed the acquisition of UK life insurance business from HSBC for $355m.

Chesnara, a life and pensions consolidator, completed the acquisition of UK life insurance business from HSBC, a global banking and financial services firm, for $355m. "We are delighted to have completed the acquisition of HSBC Life UK, our fifteenth and largest acquisition to date, and to formally welcome its customers and colleagues to Chesnara. Bringing HSBC Life UK into Chesnara increases our scale in the UK market, supports long-term cash generation and, as previously announced, enhances the Group's dividend. We also remain optimistic about our ability to undertake further value-accretive acquisitions as opportunities arise, consistent with our strategy," Steve Murray, Chesnara Group Chief Executive Officer.