Hainan Rubber Signs 1.6 Billion Yuan Insurance Deal For 2026
MT Newswires Live01-02
China Hainan Rubber Industry Group (SHA:601118) has signed a 1.62 billion yuan rubber income insurance agreement for 2026, according to a Thursday filing with the Shanghai Stock Exchange.
The agreement was signed with a consortium of four insurers including China Pacific Insurance (HKG:2601, SHA:601601), PICC Property and Casualty (HKG:2328), China Life Insurance (SHA:601628, HKG:2628) and Sunshine Insurance (HKG:6963).
The insurance covers dried natural rubber produced by natural rubber trees. The insured amount is 1,020 yuan per metric unit of rubber, with a 213.8 million yuan premium, representing a 13.2% premium rate.
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