Brief: HSBC Agrees To Sell Its UK Life Insurance Manufacturing Business To Chesnara
03/07/2025 14:43
July 3 (Reuters) - 0005.HK 0005.HK: HSBC AGREES TO SELL ITS UK LIFE INSURANCE MANUFACTURING BUSINESS TO CHESNARA RANSACTION INCLUDES ALL IN-FORCE LIFE INSURANCE POLICIES AND INVESTMENT PRODUCTS WRITTEN BY HSBC LIFE UK AND IS EXPECTED TO COMPLETE IN EARLY 2026, ON COMPLETION, APPROXIMATELY 230 ROLES SUPPORTING HSBC LIFE UK ARE EXPECTED TO TRANSFER TO CHESNARA TRANSACTION INCLUDES ALL IN-FORCE LIFE INSURANCE POLICIES AND INVESTMENT PRODUCTS WRITTEN BY HSBC LIFE UK AND IS EXPECTED TO COMPLETE IN EARLY 2026 (FIXES TYPO) Further company coverage: 0005.HK ((Reuters.Briefs@thomsonreuters.com;))