2 Reinsurance Firms Launched

The Central Insurance company of Iran issued operation license for Saman Reinsurance Company, allowing the private firm to start operations. 
As per an announcement seen on the CII website, Saman Reinsurance can cover risks related to all categories. 
The regulator also issued a license allowing Iran Moein Insurance Company to move from general insurance to reinsurance. As per the CII announcement, this company will discontinue insurance business as of the beginning of the fiscal year that started on March 21.