PICC Group Archives - Carrier Management

AIG Sells Off Stake in China’s PICC Group With Few Gains

American International Group Inc. bought into The People's Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time -- ...

AIG Raises $500M Through Sale of Shares in China P/C Giant

American International Group Inc. said it sold part of its holding in PICC Property & Casualty Co., China's biggest non-life insurer, for about $500 million. AIG, the largest commercial insurer ...

People’s Insurance of China Profit Rises 53%

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 ...