China Pacific Property Insurance Company (CPPIC) celebrated the first edition of its international cooperation meeting for overseas business development: “1st Assembly of CPIC International Cooperation and 2020 Annual Award Ceremony”. The event counted with the presence of CPPIC´s main international partners, among which MAPFRE and MAPFRE RE occupy a prominent place. The celebration included an award giving ceremony, receiving MAPFRE the prize for the best international cooperation in year 2020. The award was collected by the Chief Representative Officer in MAPFRE RE China, Ignacio Rodríguez Artetxe.
China Pacific is the third largest insurance group in China, both in the Life and Non-life sectors, and one of MAPFRE RE´s core clients in the Asia Pacific region. In September this year, China Pacific Property Insurance and MAPFRE signed a memorandum of understanding for establishing a strategic cooperation between both groups, with the objective of supporting China Pacific´s international expansion in those countries where MAPFRE has a local presence, as well as MAPFRE´s development in China.