Pioneer Underwriters announces a new addition to the capacity backing our Pioneer CAT team
Pioneer Underwriters is delighted to announce a new addition to the capacity backing our Pioneer CAT team.
For business incepting on or after 1st January 2016 our traditional US property treaty capacity will be boosted by the addition of PICC Property and Casualty
Company Limited (“PICC P&C”), the largest property and casualty company in China with c. USD 67bn of total assets.
The PICCDF facility will operate along the same lines as our existing USDF and UCCDF facilities. Lines are not aggregated; all facilities offer lines in
their own right.
Estimated income for 2016 across the three facilities is USD 25m.
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