PICC_Property_and_Casualty

PICC Property and Casualty

PICC Property and Casualty

Chinese listed insurer

Not to be confused with People's Insurance Company of China, PICC Property and Casualty's parent company.

PICC Property and Casualty Company Limited (PICC P&C) is the largest non-life insurance company in mainland China incorporated in 2003. It was one of the three main subsidiaries of the People's Insurance Company of China.[1]

Quick Facts Company type, Traded as ...

PICC P&C is principally engaged in the provision of property and casualty insurance products. It operates its insurance business through motor vehicle, commercial property, cargo, liability, accidental injury and health, agriculture, homeowners and credit.[2]

History

Equity investments

PICC Property and Casualty acquired 19.99% stake of Hua Xia Bank from Deutsche Bank and other investors in 2015, subject to regulator approval.[3]

PICC Property and Casualty also owned 8.615% stake of sister company PICC Life.[4][5]

References

  1. [1]
    PICC Property and Casualty Company Limited
  2. [2]
    PICC Property and Casualty Co Ltd
  3. [3]
    Shotter, James (3 November 2016). Written at Frankfurt. "Deutsche Bank's sale of stake in Hua Xia wins approval". Financial Times. London.
  4. [4]
    http://www.picclife.com/u/cms/picclife/201904/300945524lpw.pdf [bare URL PDF]
  5. [5]
    Property Casualty Insurance Companies
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