Chesnara to close HSBC Life UK to new protection business

During the transaction, HSBC Life UK was still open for new business and operated as normal during the transaction but will close to new business as of completion.  A spokesperson for Chesnara told PA's sister title COVER: "We have been working closely with HSBC Life UK in recent months to evaluate the best long-term approach to new business. "Chesnara has determined that under its ownership HSBC Life will continue to write new business for onshore bonds, a product that Chesnara already knows well, and we see exciting opportunities through the combination of our two onshore bond capab...