Reinsurance News
China Pacific Insurance Company
CPIC sees H1 operating revenue reach RMB 175.539 billion
1st September 2023
China Pacific Insurance Company Limited (CPIC) has reported that H1 operating revenue reached RMB 175.539 billion, representing a year-on-year growth of 6.5%. At the same time, attributable operating profit amounted to RMB 21.537 billion, representing a year-on-year growth of 2.5%. According to CPIC, in terms of original premium income, its Life and ... Read the full article
CPIC P/C increases premiums 14.3% YOY
14th July 2023
The accumulated primary insurance premium of China Pacific Property Insurance Co., Ltd. (CPIC P/C), a subsidiary of China Pacific Insurance Company (CPIC), amounted to RMB104.948 billion, representing a year-on-year increase of 14.3% in the January to June period. In the CPIC P/C segment, automobile insurance amounted to RMB50.765 billion, representing a ... Read the full article
China Pacific Life Insurance gets Hong Kong authorisation
6th December 2021
China Pacific Life Insurance (H.K.) Company Limited (CPIC Life (HK)) has been authorized by the Hong Kong Insurance Authority to operate long term insurance business in Hong Kong. John Cai, General Manager (CEO) of China Pacific Life Insurance Co., Ltd. (CPIC Life), explained that CPIC Life (HK) will play an important ... Read the full article
CPIC says Swiss Re investment helps optimise ownership structure
25th August 2020
China Pacific Insurance Company (CPIC) has said that an investment by Swiss Re has helped to optimise its ownership structure, after the reinsurer participated in CPIC’s recent listing on the London stock exchange (LSE). Alongside the release of its H1 results, CPIC explained that the investment from Swiss Re had “laid ... Read the full article
CPIC to pursue London listing with Swiss Re as cornerstone investor: reports
3rd June 2020
Reports have emerged claiming that China Pacific Insurance Company (CPIC) is moving forward with a London listing to support its overseas expansion, with global reinsurance giant Swiss Re serving as its cornerstone investor. In November of last year, Swiss Re confirmed that it was exploring an investment opportunity with CPIC ... Read the full article
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