People’s Insurance Company (Group) of China Ltd., parent of the nation’s biggest non-life insurer, said profit rose 53 percent in the first half as investment and premiums income expanded. Net income increased to 7.54 billion yuan ($1.23 billion), or 0.18 …
American International Group Inc. reached a deal with People’s Insurance Company Group of China Ltd. for a joint venture to sell life insurance in China. AIG will contribute 24.9 million yuan ($4.1 million) and People’s PICC Life Insurance Co. unit …
Chinese state-owned People’s Insurance Company of China Group (PICC), one of the country’s largest insurers, could complete an A-share listing in Shanghai in the second half of this year, the firm’s chairman Wu Yan told Reuters. PICC, among the last …
