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Guardian Royal Exchange is to move out of the Royal Exchange building in London, as its new owner Axa believes it to be surplus to requirements. 15-Mar-1999 Guardian Royal Exchange, the insurance group, is to be acquired by Axa of France in a £3.3bn deal, and it will be merged with Axa's Sun Life & Provincial division. 02-Feb-1999 Royal & Sun Alliance is in discussions to acquire Guardian Royal Exchange for about £3.4bn, although a number of other insurance companies are also interested in making a bid. 23-Jan-1999 Guardian Royal Exchange is in talks with a number of companies which could lead to a £3bn takeover. 23-Nov-1998 Royal & Sun Alliance has bought Guardian Royal Exchange's New Zealand life business for £58m. 18-Nov-1998 Guardian Royal Exchange has announced plans to expand its long-term healthcare operations and relaunch its UK life assurance business. 13-Nov-1998 Guardian Royal Exchange has announced a reorganisation that will result in the combination of all its healthcare operations under the PPP Healthcare name, the closure of offices in Eastbourne and Folkestone, and the loss of 300 jobs. 15-Oct-1998 Guardian Royal Exchange is acquiring ING's US property and casualty business for £1.15bn, and is selling its Canadian division to ING for $375m, in a deal that will strengthen its position in the US Midwest and north-east. 02-Jun-1998 Guardian Royal Exchange has completed the acquisition of PPP Healthcare for £435m. 25-Feb-1998 Guardian Royal Exchange is acquiring PPP Healthcare, the private health insurer, for £435m in order to benefit from an expected reduction in services offered by the National Health Service. 18-Dec-1997 Guardian Royal Exchange is planning to expand its North American business by acquiring small commercial and motor insurance companies, but appears to be losing interest in the acquisition of a UK life assurer. 31-Jul-1997 Guardian Royal Exchange is setting up two joint ventures in India with the Murugappa Group, one involving risk management and the other insurance. 27-May-1997 Guardian Royal Exchange is planning to expand its UK life and health business through a £1bn acquisition, and hopes to complete a deal over the next 12 months. 26-Feb-1997 Guardian Royal Exchange is to start making savings in its insurance division following the acquisition of Legal & General's commercial insurance business, and expects 350 jobs to be cut and 7 offices to be shut. 11-Dec-1996 Guardian Royal Exchange is to provide general insurance to customers of the Northern Rock building society, a service previously provided by Commercial Union. 27-Sep-1996 Guardian Royal Exchange is planning to dispose of its Swiss reinsurance company for £65m. 01-Aug-1996 Guardian Royal Exchange has bought Legal & General's commercial general insurance business for £48m, and hopes to achieve cost savings by merging the business with existing operations. 10-Jul-1996 Guardian Royal Exchange has won approval to restructure its US operations by combining its seven regional companies into a single capital base. 19-Jun-1996 Guardian Royal Exchange has set up a new company, Spring Inns, to buy about 1,400 pubs from Inntrepreneur Pub Company for £262m. 10-May-1996 Guardian Royal Exchange is buying the RAC's insurance broking business for £68m, and the business will become part of Guardian Direct but will continue to use the RAC name. 01-May-1996 Guardian Royal Exchange is discussing the acquisition of RAC Insurance's insurance services business, with the intention of combining it with its telephone insurance operation. 19-Apr-1996 Guardian Royal Exchange is looking for acquisitions in the life insurance markets in the UK and Germany, as well as the general sector in the US. 21-Feb-1996
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