PICC, AIG launch joint venture --China Economic Net

Companies

PICC, AIG launch joint venture

Last Updated: 2014-03-27 00:43 | Global Times

China-US Insurance Advisory Co, an insurance brokerage firm and joint venture (JV) set up by China's PICC Life Insurance and US insurer American International Group (AIG), has begun operations, PICC Life said Wednesday.

The Shenzhen-headquartered JV has a registered capital of 100 million yuan ($16 million).

PICC Life has taken a controlling stake of 75.1 percent, while AIG APAC Holdings owns the remaining shares.

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PICC looks for real estate investment in EU [ 2014-08-27 ]
PICC backs off Shanghai listing, awaits 'appropriate timing' [ 2014-04-01 ]
PICC net profits rise 18.8 percent in 2013 [ 2014-03-31 ]
PICC-AIG joint venture launches [ 2014-03-27 ]
PICC net profits up 53.2 pct in H1 [ 2013-08-27 ]

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