Chesnara PLC (LSE:CSN) CEO Steve Murray talked with Proactive's Stephen Gunnion about the company’s €110 million acquisition of Scottish Widows Europe and why the deal is expected to generate approximately €250 million in lifetime cash.
Murray explained that lifetime cash generation remains a core attraction in Chesnara’s acquisition strategy. Of the €250 million expected from the transaction, around €100 million is forecast within the first five years, supporting early capital return alongside long-term cash flow sustainability. He noted that the deal marks Chesnara’s 16th acquisition in around 20 years, with roughly half completed in the last four to five years, highlighting an acceleration in M&A activity.
The acquisition also represents Chesnara’s first entry into Luxembourg, bringing with it a local administrative platform that could support further consolidation opportunities both within Luxembourg and across Europe. Murray pointed to the broader M&A pipeline, stating: “We continue to see a really big opportunity for the group,” citing a more active market and increased strategic focus from large financial institutions.
Chesnara now manages 1.4 million policies and administers around £18 billion in assets. Murray emphasised the company’s dividend track record, describing it as “the best dividend growth track record in UK and European insurance,” with a planned 6% increase for full-year 2025.
For more insights from company leaders, visit Proactive's YouTube channel, give this video a like, subscribe to the channel and enable notifications so you never miss future updates.
#Chesnara #SteveMurray #InsuranceSector #EuropeanInsurance #MergersAndAcquisitions #LuxembourgFinance #DividendGrowth #CashGeneration #InstitutionalInvesting #UKStocks #InsuranceConsolidation #HSBCLife #ScottishWidows #FinancialServices #InvestmentNews
