Former type Public Fate Acquired Headquarters London, United Kingdom Successor AXA | Industry Insurance Defunct 1999 Founded 1968 Ceased operations 1999 | |
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
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.
References
Guardian Royal Exchange Assurance Wikipedia(Text) CC BY-SA