Chesnara plc is a United Kingdom-based life assurance and pensions consolidator that acquires and manages closed books of life and pension policies in the UK, Sweden and the Netherlands. Founded in 2003 and headquartered in Preston, Lancashire, the company operates through key segments including UK, which encompasses life insurance and pensions business via Countrywide Assured plc covering linked pension business, life insurance, endowments, annuities and with-profit policies; Movestic, comprising Swedish life and pensions operations through Movestic Livforsakring AB and its investment fund management subsidiary Movestic Fonder AB; Waard Group, handling closed Dutch life insurance with a mix of long-term savings, protection and some non-life business; and Scildon, managing open Dutch life insurance including protection, individual savings and group pension contracts distributed via brokers. The company administers approximately one million policies, targets financial institutions divesting legacy portfolios, and derives significant revenue from its Dutch operations while maintaining investment exposure across markets such as Australia, the UK, Hong Kong, Japan and the USA. In a major strategic expansion announced in July 2025, Chesnara agreed to acquire HSBC Life (UK) Ltd from HSBC Bank plc for £260 million, adding specialist life protection and investment bond products with eligible own funds of £314 million as at 31 December 2024 and expected incremental cash generation exceeding £800 million over its lifetime, including over £140 million in the first five years post-acquisition; the deal, funded by £55 million in cash resources, a £65 million drawdown from its revolving credit facility and a rights issue raising up to £140 million, is anticipated to elevate the company into the FTSE 250 index and enhance scale through integration synergies such as Part VII transfers and reinsurance.