Gryphon Group Holdings to acquire Guardian Assurance

As part of the acquisition Gryphon has bought the rights to the firm's trading names, including immediate rights to use the Guardian name. No policyholders or assets are affected, it said. Gryphon will use the Guardian brand name for the new protection business it is building. It raised £180m from the City to design, build and launch an insurance challenger that seeks to protect more families in the UK. Craven Street Capital acted as Gryphon's financial adviser for the purchase. Gryphon Group...