RSS Feed
PICC Life, the life insurance unit of Beijing-based People’s Insurance Company (Group) of China Limited (PICC), has been performing strongly in the profit making during the five years since its inception. Over the past year, the life insurer realized the net profits of CNY 44 million and during the first 10 months of this year, [...]
Posts Tagged ‘Life Insurance Company’
PICC Life Made More-than-Expected Profits
Posted by gary on December 2nd, 2010
Posted in Life Insurance 
Tags: Assets Management, Company Group, Dual Listing, Financial Subsidiaries, Insurance Arm, Insurance Assets, Insurance Health, Insurance Life, Life Insurance Company, Life Insurance Health Insurance, Life Insurance Unit, Life Insurer, Life President, Member Companies, Net Profits, Parent Group, Property Insurance, Stock Markets, Wu Yan 
No Comments »CHINA’S CPIC JAN-OCT LIFE INSURANCE PREMIUMS REACH US$11.4 BLN
Posted by gary on November 17th, 2010
China Pacific Insurance Co. (CPIC, SSE:601601, SEHK:02601) said on Tuesday that its life insurance premiums reached 75.9 billion yuan (US$11.4 billion) in the first ten months of this year. Its property insurance premiums hit 42.6 billion yuan from January to October. According to previous announcement, the company’s life insurance premiums hit 68.9 billion yuan in [...]
Posted in Life Insurance Tags: China Life Insurance, Company Insurance, Cpic, First Nine Months, Insurance, Insurance Life, Life Insurance Company, Life Insurance Premiums, Pacific Insurance Co, Ping, Previous Announcement, Property And Casualty, Property Insurance Premiums, Sehk, Sse, Yuan No Comments »SKOREA’S TONGYANG GROUP SEEKS SALE OF STAKES IN LIFE INS. UNIT
Posted by gary on November 5th, 2010
Tongyang Group, a mid-sized South Korean conglomerate, said Friday that it is pushing to sell part of its stakes in Tongyang life insurance Co. (KSE:082640) to improve its cement unit’s financial health. The group, which has been put under a creditor-led restructuring program since April in 2009, said the planned stake sale aims to reduce [...]
AIG Repays Government in 2 Transactions
Posted by gary on November 5th, 2010
American International Group, Inc. (AIG) announced that it has raised nearly $37 billion to repay the United States government through its sale of one insurance subsidiary, American life insurance Company (ALICO), and the initial public offering of a second, AIA Group Limited (AIA). AIG said it closed the sale of ALICO to MetLife, Inc. (MetLife) [...]
Posted in Insurance News Tags: Alico, American International Group, American International Group Inc, American Life Insurance, American Life Insurance Company, American Taxpayers, Cash Portion, Cash Proceeds, Federal Reserve Bank, Federal Reserve Bank Of New York, Frbny, Gross Proceeds, Initial Public Offer, Initial Public Offering, Insurance Subsidiary, International Group Inc, Life Insurance Company, Metlife Inc, Recapitalization Plan, Robert H Benmosche No Comments »
