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.
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]
Referencesedit
^. Archived from the original on 7 February 2009. Retrieved 1 March 2009.
^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
guardian, royal, exchange, assurance, large, british, insurance, company, listed, london, stock, exchange, constituent, ftse, index, company, typepublicindustryinsurancefounded1968, years, 1968, defunct1999, years, 1999, fateacquiredsuccessoraxaheadquarterslon. 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 Guardian Royal Exchange AssuranceCompany typePublicIndustryInsuranceFounded1968 56 years ago 1968 Defunct1999 25 years ago 1999 FateAcquiredSuccessorAxaHeadquartersLondon UKKey peopleLord Hambro Chairman History editThe 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 amp 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 Guardian Financial Services About us Archived from the original on 7 February 2009 Retrieved 1 March 2009 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 1999External links editAxa PPP Healthcare Health Insurance nbsp This article about a financial services company in the United Kingdom is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Guardian Royal Exchange Assurance amp oldid 1084211949, wikipedia, wiki, book, books, library,
