Business
Capital Markets Day
Capital Markets Day.
About this update from Chesnara Plc
[{"type":"text","content":"\n \nRNS Number : 4132X Chesnara PLC 24 November 2017 \n\nChesnara plc\n \nNotice of Capital Markets Day\n \nChesnara plc ('Chesnara', 'the Group') will be holding a Capital Markets Day for institutional investors and analysts on 28 November 2017 from 2:30pm to 4:30pm GMT at the offices of Panmure Gordon, One New Change, EC4M 9AF. \n \nJohn Deane, Chief Executive, will provide an update, followed by presentations from Chesnara's senior management team.\n \nNo new material information will be provided.\n \nA copy of the presentation will be made available on the Group's website at www.chesnara.co.uk following the end of the event.\n \nEnquiries\nJohn Deane, Chief Executive, Chesnara plc - 01772 972079\nRoddy Watt, FWD Consulting - 020 7280 0651 / 07714 770 493\n \nNotes to Editors \nChesnara plc ('Chesnara'), which listed on the London Stock Exchange in May 2004, is the owner of Countrywide Assured plc ('CA plc'), Movestic Livförsäkringar AB ('Movestic') and Chesnara Holdings BV, the intermediate holding company of the 'Waard Group'.\nCA 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 £47.8m. 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 £63.5 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 £39.3m. On 31 December 2014 the PL business transferred into CA plc. CA plc operates an outsourced business model.\nMovestic, a Swedish life assurance company which originally focused on pensions and savings, was acquired on 23 July 2009 for £20 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.\nThe Waard G...