1st UK Reinsurance for South Pars Projects
Economy, Business And Markets

1st UK Reinsurance for South Pars Projects

Ed Broking LLP, London-based wholesale insurance and reinsurance broker, says it has managed to provide reinsurance coverage for three energy projects in Iran’s South Pars Gas Field. Ed Broking managed to be the first provider of reinsurance coverage from the London market for Iran’s energy projects after the lifting of sanctions in January 2016, Khosro Azad, a regional director of the company, told Donya-e-Eqtesad daily on Saturday. “The broker had to deal with challenges regarding banking operations at the beginning,” he added, noting that his team managed to solve the issues. The report included no details about the coverage or the process of solving the banking issues. Ed Broking LLP has managed to win London Market Awards for Broking Team of the Year in 2016 after overcoming obstacles to reopen the vast Iranian energy market to London underwriters. 

Short URL : https://goo.gl/zZJQ0w
  1. https://goo.gl/IDwlZX
  • https://goo.gl/EI5Q5o
  • https://goo.gl/B80PE5
  • https://goo.gl/Phu92Y
  • https://goo.gl/DkEZPH

You can also read ...

These Billions in Deals Can Help Iran Counter Trump
It hasn’t been the investment bonanza Iran hoped for, but the...
BIM Links Up With 82 Foreign Banks
Iran’s Bank of Industry and Mine has set up correspondent...
Iran’s Exports to Syria Double
Iran exported $58 million worth of goods to Syria during the...
BMI Expanding Presence in Iraq
Bank Melli Iran–the country’s biggest commercial lender–is...
Motorola Moto X4 Smartphone Details Leaked by Iranian Distributor
Mobile phone maker Motorola's distributor in Iran has...
Potatoes Sold to 13 Countries
More than 60,550 tons of potatoes worth 448.76 billion ($13.83...
Mouteh Gold Mine Output Up 48%
Mouteh Gold Mine produced 136 kilograms of gold ingots during...
Regulations for Dormant Accounts
In order to improve banks’ financial transparency and prevent...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.