Economy, Business And Markets

BMI’s Hemmati Gets Top Insurance Job

BMI’s Hemmati Gets Top Insurance JobBMI’s Hemmati Gets Top Insurance Job

The Economy Minister Ali Tayyebnia on Sunday appointed Abdolnasser Hemmati, former CEO of Bank Melli Ian to head the Central Insurance company of Iran. The company’s former boss resigned last week over a salary scandal.  Hemmati had worked as head of CII for 12 years (1994-2006). He played a key role in launching private insurance companies in Iran and the privatizing major insurance firms such as Alborz, Dana and Asia. Tayyebnia appointed Mohammad Reza Hosseinzadeh, a board member of BMI, as acting director of the top state lender, ISNA reported.Head of CII Mohammad Ibrahim Amin, stepped down last Wednesday  following the unreasonably high salaries paid to senior managers in the sate-owned insurance company that were disclosed on social media networks last week.