Reinsurance News
PICC P&C
US P&C industry achieved higher underwriting profit in 2025: AM Best
24th March 2026
The US property and casualty (P&C) industry recorded a $60.9 billion net underwriting gain in 2025, a significant increase from the $22.1 billion gain generated in the previous year, reports AM Best. According to the global rating agency's First Look: 2025 US Property/Casualty Financial Results, these improved results were driven by ... Read the full article
China’s PICC P&C enters into reinsurance agreements with PICC Re & PICC HK
31st December 2025
Chinese domestic insurer PICC Property and Casualty Company Limited (PICC P&C) has entered into reinsurance agreements with PICC Reinsurance and PICC HK, its sister entities under the ultimate parent PICC Group. PICC P&C entered into separate one-year agreements with both entities, effective from 1 January to 31 December 2026. This framework regulates ... Read the full article
PICC P&C announces continuation of reinsurance agreement with PICC Re
27th December 2024
China’s PICC Property and Casualty Company (PICC P&C) has entered into a new Reinsurance Framework Agreement with PICC Reinsurance, under which the two parties will cede insurance premiums to each other in exchange for commissions. This agreement, effective from January 1, 2025, to December 31, 2025, aims to continue their existing ... Read the full article
PICC P&C posts 26.2% fall in net profit for 9M’23
30th October 2023
China’s PICC Property and Casualty Company (PICC P&C) reported a net profit of RMB19,386 million for the nine months ended September 30, representing a year-on-year decrease of 26.2%. The decline in net profit can be attributed to three main factors: the resurgence of auto transportation, the adverse effects of severe typhoons ... Read the full article
PICC P&C to inject 2 billion yuan into PICC Reinsurance
13th October 2023
China's PICC Property and Casualty Company (PICC P&C) has entered into a capital increase agreement with PICC Group and PICC Reinsurance, under which the reinsurer will receive a capital increase of 2 billion yuan (USD 274 million). The announcement from PICC P&C confirms that PICC Group will make a capital contribution ... Read the full article
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