PICC P&C signs reinsurance agreements with PICC Reinsurance and PICC HK

PICC Property and Casualty Company Limited (PICC P&C) has finalised new reinsurance framework agreements with its affiliates PICC Reinsurance and PICC HK. The agreements will run from 1 January 2026 to 31 December 2026. PICC Reinsurance and PICC HK are PICC P&C’s sister entities under ultimate parent PICC Group. Under the arrangements, the three companies will engage in mutual cession and assumption of treaty and facultative business, with terms determined in line with prevailing market conditions. Ce ...