Chesnara Regulatory News (CSN)

CHESNARA plc

("Chesnara" or "the Company")

17 December 2021

LEI Number: 213800VFRMBRTSZ3SJ06

CHESNARA BOLSTERS CAPABILITIES IN M&A AND INVESTOR RELATIONS WITH NEW HIRE

Chesnara plc ("Chesnara" or "the Group"), the UK and European life insurance consolidator, today announced the appointment of Sam Perowne as Head of Strategic Development & Investor Relations, with effect from 01 April 2022.

In this new role, Sam will be a member of the Group Executive Committee, responsible for driving forward Chesnara's wider strategic development. This will include delivery of future acquisitions as well as supporting investor engagement, reflecting the Group's increased focus on one of its three strategic pillars - acquiring life and pensions businesses.

Sam joins from Phoenix Group Holdings plc where he was most recently Head of Corporate Strategy and M&A. He brings over 20 years of experience in the life insurance sector across M&A, Equity and Debt Capital Markets, Investor Relations and Strategic Development.

Steve Murray, Group CEO, said:

"We are delighted to welcome Sam to Chesnara. He brings a wealth of experience across insurance and has been integral to much of the back book consolidation activity seen in the UK. His capabilities in M&A, wider strategic development and investor relations strongly align with our focus at Chesnara and will help ensure we are well placed to pursue the acquisition opportunities we continue to see.".

For further information, please contact:

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

T - 020 7280 0651

E - roddy.watt@fwdconsulting.co.uk 

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange. It administers approximately 900,000 policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 17 years in succession.

Further details are available on the Company's website (www.chesnara.co.uk).