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.Guardian Royal to buy health insurer New York Times, 18 December 1997
In February 1999 it was acquired by Axa of France for $5.7bn and integrated into its Sun Life & Provincial Holdings division.Axa of France to buy Guardian of Britain New York Times, 2 February 1999 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.Aegon plans further deals after GRE buy The Independent, 13 August 1999
References
External links Axa PPP Healthcare - Health Insurance