Guardian Royal Exchange Assurance
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.
 | |
| Public | |
| Industry | Insurance |
| Fate | Acquired |
| Successor | Axa |
| Founded | 1968 |
| Defunct | 1999 |
| Headquarters | London, UK |
Key people | Lord Hambro, (Chairman) |
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]
gollark: Oh yes.
gollark: What's "quantum-death"?
gollark: If you exist and perceive things, you clearly aren't dead, so you only observe worlds where things somehow resulted in you not being dead.
gollark: The fact that you exist means that (assuming there are in fact multiple universes in some way, via MWI or whatever) some universes are more likely (for you) than others.
gollark: It's annoying to explain, so hold on.
References
- "Guardian Financial Services: About us". Archived from the original on 2009-02-07. Retrieved 2009-03-01.
- 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 The Independent, 13 August 1999
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.