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PICC Property and Casualty

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PICC Property and Casualty Company Limited
Company typePublic
SEHK2328 (H share only)
ISINCNE100000593 Edit this on Wikidata
Industryinsurance
PredecessorPeople's Insurance Company of China's non-life insurance division
Founded2003; 21 years ago (2003)
FounderPeople's Insurance Company of China
Headquarters,
China
Area served
China
Key people
Miao Jianmin (chairman)
ServicesProperty insurance
OwnerPICC (68.98%)
ParentPICC
Chinese name
Simplified Chinese中国人民财产保险股份有限公司
Traditional Chinese中國人民財產保險股份有限公司
Transcriptions
short name
Simplified Chinese中国财险
Traditional Chinese中國財險
Transcriptions
alternative short name
Simplified Chinese人保财险
Traditional Chinese人保財險
Transcriptions
Websiteepicc.com.cn

PICC Property and Casualty Company Limited (PICC P&C) is the largest non-life insurance company in mainland China incorporated in 2003. It was one of the three main subsidiaries of the People's Insurance Company of China.[1]

PICC P&C is principally engaged in the provision of property and casualty insurance products. It operates its insurance business through motor vehicle, commercial property, cargo, liability, accidental injury and health, agriculture, homeowners and credit.[2]

History

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Equity investments

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PICC Property and Casualty acquired 19.99% stake of Hua Xia Bank from Deutsche Bank and other investors in 2015, subject to regulator approval.[3]

PICC Property and Casualty also owned 8.615% stake of sister company PICC Life.[4][5]

References

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  1. ^ PICC Property and Casualty Company Limited
  2. ^ PICC Property and Casualty Co Ltd
  3. ^ Shotter, James (3 November 2016). Written at Frankfurt. "Deutsche Bank's sale of stake in Hua Xia wins approval". Financial Times. London.
  4. ^ http://www.picclife.com/u/cms/picclife/201904/300945524lpw.pdf [bare URL PDF]
  5. ^ Property Casualty Insurance Companies
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