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CSN Chesnara Plc

265.00
3.00 (1.15%)
Last Updated: 15:56:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chesnara Plc LSE:CSN London Ordinary Share GB00B00FPT80 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 1.15% 265.00 262.00 265.00 269.00 261.50 264.50 394,325 15:56:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance -1.11B -98.33M -0.6537 -4.06 399.39M

Chesnara PLC Directorate Change (7666R)

14/12/2016 7:00am

UK Regulatory


Chesnara (LSE:CSN)
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RNS Number : 7666R

Chesnara PLC

14 December 2016

For release on 14 December 2016

Chesnara plc

(the "Company")

Board Retirement - Peter Wright

Chesnara plc today announces Peter Wright, Non-Executive Director will step down from the Board on 31 December 2016. Jane Dale will replace Peter as Chairman of the Audit & Risk Committee from 14 December 2016.

The Chairman thanked Peter for his dedication and contribution to the Company and wishes him every success in his retirement.

Enquiries

John Deane, Chief Executive, Chesnara plc - 01772 972079

Roddy Watt, FWD Consulting - 0207 280 0651 / 07714 770493

Notes to Editors

Chesnara plc ('Chesnara'), which listed on the London Stock Exchange in May 2004, is the owner of Countrywide Assured plc ('CA plc'), Protection Life Company Limited ('PL'), Movestic Livförsäkringar AB ('Movestic') and Chesnara Holdings BV, the intermediate holding company of the 'Waard Group'.

CA plc is a UK life assurance subsidiary that is closed to new business. In June 2005 Chesnara acquired a further closed life insurance company - City of Westminster Assurance - for GBP47.8m. With effect from 30 June 2006, CWA's policies and assets were transferred into CA plc. Save & Prosper Insurance Limited and its subsidiary, Save & Prosper Pensions Limited, were acquired on 20 December 2010 for GBP63.5 million. With effect from 31 December 2011, the business of Save & Prosper was transferred into CA plc. On 28 November 2013 Chesnara acquired Direct Line Life Insurance Company Limited (subsequently renamed Protection Life Company Limited) from Direct Line Group plc for GBP39.3m. On 31 December 2014 the PL business transferred into CA plc. CA plc operates an outsourced business model.

Movestic, a Swedish life assurance company which originally focused on pensions and savings, was acquired on 23 July 2009 for GBP20 million. The company is open to new business and seeks to grow its position in the Swedish unit-linked market. Its proposition was strengthened in February 2010 with the acquisition of the operations of Aspis Försäkringar Liv AB which has a risk and health product bias.

The Waard Group, a Netherlands-based Group comprising three closed book insurance companies and a servicing company, was acquired on 19 May 2015 for EUR69.9m. The Waard Group, comprising Waard Leven N.V., Hollands Welvaren Leven N.V., Waard Schade N.V. and Tadas Verzekeringen B.V. was previously owned by DSB Beheer B.V., a Dutch financial services Group. The policy base of the Waard Group is predominantly term life policies, with some unit linked policies and some non-life policies. Further details are available on the Company's website (www.chesnara.co.uk).

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOATJBRTMBBBBAF

(END) Dow Jones Newswires

December 14, 2016 02:00 ET (07:00 GMT)

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