Guardian Royal Exchange Assurance Company Information and History

The Guardian Royal Exchange Assurance Company has a long and storied history. Founded in 1830, it has been providing insurance services for over 190 years.

Its early years were marked by a focus on marine insurance, a field that was rapidly growing at the time. The company's success in this area helped establish it as a major player in the industry.

The company's name was officially changed to Guardian Royal Exchange Assurance in 1979. This change reflected the company's growth and expansion into new areas of insurance.

Today, the Guardian Royal Exchange Assurance Company is a subsidiary of the Guardian Assurance Group, which was formed in 1997.

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In 1987, Guardian's propriety was first called into question when the company's chief tax accountant, Charles Robertson, was fired for alleged misconduct.

Guardian's 1992 profit was a remarkable £3 million, a significant improvement from the £210 million loss in 1991.

The company's 1993 pretax profit figures reached one of the highest levels in Guardian's history, even discounting the new inclusion of investment gains.

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Guardian was at the center of several controversies in the late 1980s and early 1990s, including its dubious connection with businessman Vinodchandra Manubhai Patel.

Patel's bankruptcy in 1991 led to allegations that Guardian had acted, if not actually improperly, then certainly unwisely, with Patel receiving loans worth £80 million from Guardian.

In 1990 and 1991, tied agents allegedly mis-sold insurance policies, prompting an investigation by the Life Assurance and Unit Trust Regulatory Organisation.

Guardian's new image was unveiled in 1993, with the company adopting a new logo featuring an owl that symbolized stability, dignity, and awareness.

The company officially remained Guardian Royal Exchange, but would be known as Guardian from then on.

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Mr Barber started work for an insurance company in 1948, which was later taken over by Guardian Royal Exchange Insurance Group (Guardian) in 1980.

The normal retirement age for members of the main section of the Guardian Royal Exchange Pension Fund was 65 for men and 60 for women, but Mr Barber fell into a separate section with a retirement age of 62 for men and 57 for women.

Dismissal by reason of redundancy was an eligible criterion for a member to receive an immediate pension, but Mr Barber was not granted one at age 52.

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A Plc credit report can be a treasure trove of information. It includes a Risk Score, which is a numerical value indicating the likelihood of a company defaulting on its debts.

The report also lists the credit limit, which is the maximum amount of credit a company is willing to offer. GUARDIAN ROYAL EXCHANGE ASSURANCE PLC has a credit limit, but the exact amount is not specified.

A Plc credit report can also show any County Court Judgments (CCJs) against the company. GUARDIAN ROYAL EXCHANGE ASSURANCE PLC has CCJs, but the exact number and amount are not specified.

The report may also include details of mortgages and charges on the company's assets. GUARDIAN ROYAL EXCHANGE ASSURANCE PLC has mortgages and charges, but the exact details are not specified.

A Plc credit report can be a useful tool for understanding a company's financial health. It can help investors, lenders, and other stakeholders make informed decisions about their business dealings with the company.

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The directors of the company are a group of individuals responsible for making key decisions.

MR JOHN SINCLAIR is one of the directors, appointed on 06 Aug 1969.

MR JOHN MARTIN REDHOUSE EVANS is also a director, appointed on the same date as MR SINCLAIR.

MR JOHN VERNON HARRY ROBINS is a director, but his date of birth is February 1939.

The company secretary is MR JOHN REGINALD WILLIAM CLAYTON, appointed on 06 Aug 1969.

The following individuals are also directors: MR JAMES MORLEY, MS CAROLINE MARY BURTON, and C J L O PRINZ ZU SAYN WITTGENSTEIN BERLEBUG, all appointed on 06 Aug 1969.

Here is a list of the directors and their roles:

Mr Barber started working for an insurance company in 1948, which was later taken over by Guardian Royal Exchange Insurance Group.

The normal retirement age for men in the main section of the Guardian Royal Exchange Pension Fund was 65, while it was 60 for women.

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Mr Barber fell into a separate section of the Scheme due to a transfer from his previous employer, with a normal retirement age of 62 for men and 57 for women.

Guardian's Scheme rules allowed members to claim an immediate pension not only at retirement age but also "on being retired" by the company within the 10 years preceding retirement age.

Dismissal by reason of redundancy was an eligible criterion for a member to fall into the category of "on being retired".

Mr Barber was dismissed at age 52, but was not granted an immediate pension, instead receiving a deferred pension payable from age 62.

If Mr Barber had been a woman aged 52 in the same circumstances, he would have been regarded by Guardian as having been retired and would have received an immediate pension.

Mr Barber brought his complaint before the Employment Tribunal, alleging that Guardian had breached the Sex Discrimination Act 1975.

The Employment Tribunal dismissed his claim, leading Mr Barber to proceed with further appeals through the Employment Appeal Tribunal and eventually the House of Lords.