Guardian Royal Exchange Assurance
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(Redirected from Guardian Royal Exchange)
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| Former type | Public |
|---|---|
| Industry | Insurance |
| Fate | Acquired |
| Successor(s) | AXA |
| Founded | 1968 |
| Defunct | 1999 |
| Headquarters | London, UK |
| Key people | Lord Hambro, (Chairman) |
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.
[edit] 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]
[edit] References
- ^ Guardian Financial Services: About us
- ^ Guardian Royal to buy health insurer New York Times, 18 December 1997
- ^ Axa of France to buy Guardian of Britain New York Times, 2 February 1999
- ^ Britain's Guardian Royal Exchange to Move Out of Landmark London Building Tribune Business News, 15 March 1999
- ^ Aegon plans further deals after GRE buy Independent, 13 August 1999
[edit] External links
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