PICC Property & Casualty Signs Reinsurance Framework Agreement with PICC HK
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PICC Property & Casualty Co. Ltd. has signed a Reinsurance Framework Agreement with PICC HK, effective December 31, 2025. This agreement involves the cession of insurance premiums between the two companies, aimed at diversifying risks and stabilizing operations. The collaboration will leverage PICC HK’s overseas business strengths to enhance the reinsurance business related to China-overseas interests. PICC Group holds a 68.98% stake in PICC Property & Casualty Co. Ltd.
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