PICC Property & Casualty Signs Reinsurance Framework Agreement with PICC Reinsurance

Reuters
2025.12.31 07:24
portai
I'm PortAI, I can summarize articles.

PICC Property & Casualty Co. Ltd. has signed a Reinsurance Framework Agreement with PICC Reinsurance, allowing the company to cede insurance premiums for commissions and reinsurance coverage. This agreement aims to diversify risks and stabilize operations, conducted under normal commercial terms. PICC Reinsurance is jointly owned by PICC Group and PICC Property & Casualty, with PICC Group holding a controlling interest.