Guardian Royal Exchange Assurance

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Guardian Royal Exchange Assurance
Public
Industry Insurance
Fate Acquired
Successor 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.

History[edit]

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[edit]

External links[edit]