ZAIC

AcronymDefinition
ZAICZhejiang Administration for Industry and Commerce (China)
References in periodicals archive ?
property/casualty companies either directly or indirectly reinsuring 100% of their premiums with ZAIC.
Several companies have recently joined the consortium in order to provide much needed cash for the project, however, ZAIC will have to take out several loans, the largest one being from the European Investment Bank.
The rating action follows the execution of a reinsurance assumption and novation agreement in which all of the gross liabilities of the three companies were assumed by Zurich American Insurance Company (ZAIC) (headquartered in Schaumberg, IL), as if ZAIC had issued the underlying policies to the three companies' policyholders.
operations of ZFS are led by Zurich American Insurance Company (ZAIC) (Schaumburg, IL) with 17 domestic property/casualty companies either directly or indirectly reinsuring 100% of their writings with ZAIC.
Since 200o, ZAIC has been a reinsurance provider to RCIS and currently assumes 25 percent of RCIS retained premiums through a quota share contract.