Reinsurance News
PICC Re
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 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
PICC Re & AIR Worldwide partner to better manage reinsurer’s growing portfolio
18th December 2017
Chinese reinsurer PICC Reinsurance Company Limited (PICC Re) has partnered with catastrophe risk modeller, AIR Worldwide, to better manage its expanding portfolio of catastrophe risk reinsurance business. Following approval by the China Insurance Regulatory Commission (CIRC) to operate as a stand-alone reinsurer, PICC Re has been eager to work with entities that ... Read the full article
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