Guardian_Royal_Exchange

Guardian Royal Exchange Assurance

Guardian Royal Exchange Assurance

British insurance company

Guardian Royal Exchange Assurance plc was a large British insurance company. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

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History

The company was established through the merger of the Guardian Assurance Company and Royal Exchange Assurance in 1968.[1]

In February 1998 it acquired PPP Healthcare, a private healthcare insurer, for £435m.[2]

In February 1999 it was acquired by Axa of France for $5.7bn and integrated into its Sun Life & Provincial Holdings division.[3] It was subsequently announced that the company would move out of the Royal Exchange Building.[4] The life assurance business was acquired by Aegon later that year.[5]

References

  1. [1]
    "Guardian Financial Services: About us". Archived from the original on 7 February 2009. Retrieved 1 March 2009.
  2. [2]
    Guardian Royal to buy health insurer New York Times, 18 December 1997
  3. [3]
    Axa of France to buy Guardian of Britain New York Times, 2 February 1999
  4. [4]
    Britain's Guardian Royal Exchange to Move Out of Landmark London Building Tribune Business News, 15 March 1999
  5. [5]
    Aegon plans further deals after GRE buy The Independent, 13 August 1999


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