Iran Reinsurance Industry Gets New Lease of Life

With 14 new reinsurance companies emerging around the time the US re-sanctioned Iran, capacity of the reinsurance industry expanded by 9.2 trillion rials ($80 million), enhancing its ability to counter the illegal US restrictions, a senior insurance official said Tuesday.  
“Fourteen new companies have been added to the existing eight in the reinsurance business to help widen risk in insurance coverage ", Gholam-Reza Soleimani, head of Central Insurance of Iran told the 25th National Conference on Insurance and Development held in Milad Tower in northwest Tehran.
"Issuing insurance-linked securities in the capital market is on the CII agenda to further bolster reinsurance coverage,” he was quoted as saying