Recent events
Recent events tied to this brand in public sources.
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2021
Shanghai Insurance Exchange launches new-energy vehicle insurance platform
Shanghai Insurance Exchange launched a trading platform for new-energy vehicle insurance products and listed products from 12 property insurers in its first batch.
2020
Jiufu subsidiary and PICC Property Insurance Guangdong branch bring mutual contract lawsuits
Jiufu disclosed that its subsidiary and PICC Property Insurance’s Guangdong branch had brought lawsuits against each other over contract performance. The outcome was uncertain, and Jiufu said it could adversely affect the company.
2020
PICC Property and Casualty Guangdong branch files lawsuit against Jufu entities
PICC Property and Casualty said its Guangdong branch filed a lawsuit against Jufu over a contract dispute, seeking the return of previously paid service fees and interest and asserting that it did not owe the unpaid fees. The Guangzhou Intermediate People's Court formally docketed the case on May 21, according to the report.
2020
PICC Property and Casualty sues Jiufu over service-fee dispute
PICC Property and Casualty's Guangdong branch sued Jiufu entities over a dispute about technical service fees. The reported amount at issue was approximately 2.3 billion yuan.
2020
PICC Property and Casualty proposes transferring its Donghai Shipping Insurance stake
Donghai Shipping Insurance announced that its largest shareholder, PICC Property and Casualty, proposed transferring its 40% stake to Ningbo Development Investment Group and Ningbo Jinjiang Investment. The change was subject to approval by the China Banking and Insurance Regulatory Commission.
2020
PICC Property and Casualty proposes transferring its 40% stake in Donghai Shipping Insurance
Donghai Shipping Insurance announced that its largest shareholder, PICC Property and Casualty, planned to transfer its 40% stake to Ningbo Development and Investment Group and Ningbo Jinjiang Investment; the change remained subject to approval by the China Banking and Insurance Regulatory Commission.
2019
PICC P&C lists its Donghai Shipping Insurance stake for transfer
PICC Property and Casualty Company publicly listed its 40% stake in Donghai Shipping Insurance, comprising 400 million shares, for transfer at a floor price of RMB 5.948 billion. The listing period ran from December 11, 2019, to January 8, 2020; the source does not report a completed transfer.