PRC Court Pierced the Veil of Co-insurance and Found Reinsurance Relationship Established Between the Insurers

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In a recent case published by Beijing Financial Court (the “BFC”), which was represented by AnJie Broad and classified as one of the typical financial cases for the year of 2022, the BFC pierced the veil of “co-insurance”, and confirmed that reinsurance legal relationship was established between two insurers.