Guardian Royal Exchange Assurance
Encyclopedia
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
.
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.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
insurance company. It was listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and was a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
.
History
The Company was established through the merger of the Guardian Assurance CompanyGuardian Assurance Company
The Guardian Assurance Company was a very large British insurance company.-History:The Company was originally established in 1821 as Guardian Fire & Life. In 1902 it was renamed the Guardian Assurance Company....
and Royal Exchange Assurance
Royal Exchange Assurance Corporation
The Royal Exchange Assurance Corporation, founded in 1720, was a British insurance company. It took its name from the location of its offices at the Royal Exchange, London.-Origins:...
in 1968.
In February 1998 it acquired PPP Healthcare, a private healthcare insurer, for £435m.
In February 1999 it was acquired by AXA
AXA
AXA S.A. is a French global insurance group headquartered in the 8th arrondissement of Paris. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The AXA group of companies engage in life, health and other forms of...
of France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
for $5.7bn and integrated into its Sun Life & Provincial Holdings
Sun Life & Provincial Holdings
Sun Life & Provincial Holdings 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:...
Division. It was subsequently announced that the Company would move out of the Royal Exchange Building. The life assurance business was acquired by AEGON
AEGON
Aegon N.V. is one of the world’s largest life insurance and pension groups, and a strong provider of investment products. Aegon's head office is in The Hague, Netherlands...
later that year.