CII Asked to Stop Reinsurance Business

Economy Minister Ehsan Khandouzi has asked the new head of the Central Insurance company of Iran to end reinsurance operations.
"CII's involvement in the reinsurance sector may be a wise decision in the current economic conditions saddled with international sanctions…However, the CII must consider stopping reinsurance activities to help support growth of the sector," he was quoted as saying by Fars News Agency in a meeting to  introduce the insurance regulatory body's new head. 
Majid Behzadpur has been appointed the new CII boss months after the resignation of Gholamreza Soleimani. Behzadpour is a former head of the Bodily Injury Indemnity Fund, affiliated to the CII, which compensates bodily injury in different insurance sectors.