Thursday, November 20, 2008

PICC Property to move into life insurance market

PICC Property and Casualty (2328), the mainland's biggest non-life insurer, has agreed to pay 841 million yuan (HK$849.8 million) to acquire a 29 percent stake in its sister company, PICC Life Insurance.

www.thestandard.com.hk/news_detail.asp?pp_cat=1&art_id=42532&sid=13200024&con_type=1&d_str=20070419