China's securities regulator has approved the initial public offering (IPO) application by Chinese insurance giant People's Insurance Company (Group) of China Limited (PICC), according to state-run press agency Xinhua.
People's Insurance Company of China (PICC) has partnered with Shanghai-based blockchain platform VeChain and risk management firm DNV GL to create new blockchain insurance solutions aimed at bringing digital transformation to the insurance industry.
Munich Re has entered into a partnership with solar module manufacturer Chint Solar/Astronergy in China.
China's securities regulator has given the People's Insurance Company of China (PICC) the green light to list on the Shanghai Stock Exchange.
Wang Yincheng, former president of the state-owned People's Insurance Company of China (PICC), has pleaded guilty in a trial on the charge of accepting bribes, according to an April 16 report by the country’s official press agency Xinhua.
People’s Insurance Group of China (PICC), which owns the nation’s biggest non-life insurer, is planning to raise more than $1.6 billion through a Shanghai listing, according to a Reuters April 10 report.
Chubb has made changes within its senior leadership team following a strategic cooperation agreement with PICC Property & Casualty Company of China.
Against a backdrop of an exceptional growth rate and aggressive acquisition strategies, China is taking a more prominent role in a frantic period of re/insurance M&A activity.
American International Group (AIG) is set to sell its shares in PICC Property and Casualty Company (PICC P&C).
American International Group (AIG) has priced the sale of 361 million ordinary H shares of PICC Property and Casualty Company (PICC P&C) by means of a placing to certain institutional investors.