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 and was a constituent of the FTSE 100 Index.
The Company was established through the merger of the Guardian Assurance Company and Royal Exchange Assurance in 1968.
In February 1998 it acquired PPP Healthcare, a private healthcare insurer, for £435m.
In February 1999 it was acquired by AXA of France for $5.7bn and integrated into its Sun Life & Provincial Holdings Division. It was subsequently announced that the Company would move out of the Royal Exchange Building. The life assurance business was acquired by Aegon later that year.
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Wikipedia