Guardian Royal Exchange Assurance plc was a large British insurance company. It was listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and was a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on ...

History

The company was established through the merger of the Guardian Assurance Company and

Royal Exchange Assurance The Royal Exchange Assurance, founded in 1720, was a British insurance company. It took its name from the location of its offices at the Royal Exchange, London. Origins The Royal Exchange Assurance emerged from a joint stock insurance enterpri ...

in 1968. In February 1998 it acquired ''PPP Healthcare'', a private

healthcare Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...

insurer, for £435m. In February 1999 it was acquired by

Axa Axa S.A. is a French multinational insurance corporation headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services via its subsidiaries. As of 2024, it is the fourth largest financi ...

of France for $5.7bn and integrated into its

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. It was acquired by French insurance company Axa Group in 1996. History The compa ...

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.Aegon plans further deals after GRE buy
''The Independent'', 13 August 1999

References

External links

Axa PPP Healthcare - Health Insurance
Insurance companies of the United Kingdom Financial services companies based in London Financial services companies established in 1968 Financial services companies disestablished in 1999 Companies formerly listed on the London Stock Exchange Axa {{UK-finance-company-stub