New Reinsurance Co. to Get Permit

The High Council of Insurance, the top regulatory body of Iran insurance industry, is expected to grant operational license to a new reinsurance company in the near future. 
Pars Reinsurance Company is affiliated to one of the major insurance firms, Risknews reported without providing further details. 
The company will be the fourth reinsurance company in Iran. Amin Re, owned by the government and Iranian RE, affiliated to Bank Pasargad Iran were the only reinsurance firms so far.