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HSBC has sold its UK life insurance arm, HSBC Life, to insurance firm Chesnara for £260million Policyholders with HSBC Life ...

HSBC has sold off its life protection division in the UK in what marks the latest step back from European activity.

Life and pensions company Chesnara has agreed to buy HSBC's UK life insurance business for 260 million pounds ($355 million) in cash, Chesnara said on Thursday.

Banking titan HSBC has signalled a further scaling back of its European ventures with the divestment of its UK life ...

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