Chesnara PLC (LSE:CSN) CEO Steve Murray talked with Proactive's Stephen Gunnion about the company’s recent M&A activity, financial resilience, and long-term growth strategy. He discussed the latest acquisition of a second batch of Canada Life policies, emphasising Chesnara’s ability to execute deals efficiently and integrate new books seamlessly.
Murray highlighted the company's strong solvency position, stating, “We've got excess capital available that we can continue to deploy on M&A.” With around £200 million in readily available capital, Chesnara sees further opportunities in the UK and the Netherlands while keeping an eye on offshore markets like the Isle of Man and Luxembourg.
He also addressed competition in the sector, noting that private equity interest has decreased slightly, making acquisitions more accessible. Chesnara is leveraging its strategic partnership with SS&C Technologies to improve policy migrations, ensuring smooth integration for new acquisitions.
Murray reiterated Chesnara’s financial resilience, pointing to its diversified business model and robust balance sheet. He also noted that the company has increased its dividend for 20 consecutive years, placing it among a select group of companies with such a track record.
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