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.
 | |
| Company type | Public |
|---|---|
| Industry | Insurance |
| Founded | 1968 |
| Defunct | 1999 |
| Fate | Acquired |
| Successor | Axa |
| 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]