Saturday, December 1, 2012

The very curious case of the disappearing reinsurance deal





How can a continuing business worth billions of dollars a year disappear from the public record of a listed company overnight?


From 2003 onwards, PICC Property and Causality (PICC P&C) has been reinsuring a significant portion of its premium with American Insurance Group (AIG). That is the result of an accord in return for AIG's investment in the former's initial public offering in 2003.









via Business feed http://www.scmp.com/business/article/1094780/very-curious-case-disappearing-reinsurance-deal

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