China’s PICC P&C enters into reinsurance agreements with PICC Re & PICC HK

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 both outward reinsurance (ceding premiums) and inward reinsurance (assuming premiums).The agreement with PICC Reinsurance focused on maintaining operational sta ...