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Iran Reinsurance Industry Gets New Lease of Life

Iran Reinsurance Industry Gets New Lease of Life 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

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