UK's Chesnara is exploring a potential acquisition of HSBC Holdings' life insurance business in the UK, Bloomberg News reported on Monday, citing people familiar with the matter.

Life and pensions consolidator Chesnara on Thursday said it had signed an agreement to buy HSBC Bank's UK life insurance business, HSBC Life (UK) Ltd, for 260 million pounds($354.85 million).

As the startup landscape in Canada continues to evolve, one company that's been making waves with its strategic moves is Chesnara. The firm's CEO recently shared insights into their FY 25 results, deal integration, M&A activities, and outlook, offering a glimpse into the inner workings of a company that's been quietly building momentum. For Canadian startups and entrepreneurs, understanding Chesnara's approach can provide valuable lessons in navigating the complexities of growth, expansion, and innovation. With the country's startup scene bursting with potential, Chesnara's experiences serve as a bellwether for the challenges and opportunities that lie ahead.

Corporate news flow this morning spans exploration upgrades, dividend hikes and bond issuance across the market. The standout is a resource upgrade from Eco Atlantic's Falklands and South Africa partner Navitas Petroleum, while Volex flagged profit ahead of expectations.

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Onshore investment bond providers could do more to ensure their products are compatible with adviser centralised investment propositions (CIPs), according to research from Chesnara Life.

Highlights

The company said its recent acquisitions are already contributing to performance, reinforcing the life insurer's buy-and-hold consolidation strategy.

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Chesnara has published its results for the six months ended 30 June 2026, revealing a 38% increase in group AuA to £21bn.

Chesnara has reported continued growth for its UK onshore bonds propositions, driven by recent and incoming tax changes.

Chesnara’s operating capital generation increased by 79 per cent in the first half of the year, driven by its HSBC Life deal.

The life insurance consolidator's half-year cash generation surged on the back of its HSBC Life UK acquisition, prompting a one-off dividend step-up.

Chesnara’s chief executive says the company is on the hunt for further acquisitions, after its takeover of HSBC Life UK helped drive the firm back into profit.

Chesnara’s chief executive says the company is on the hunt for further acquisitions, after its takeover of HSBC Life UK helped drive the firm back into profit.

Chesnara’s chief executive says the company is on the hunt for further acquisitions, after its takeover of HSBC Life UK helped drive the firm back into profit.