Mellat Signs Reinsurance Deal With Munich Re

Mellat Insurance Company, affiliated with Bank Mellat, has signed a contract with Munich Re, the biggest reinsurance company in the world, based on which the German firm will cover the entire life insurance portfolio of the private Iranian insurer.
“In line with maintaining its financial solvency and offering better services to the insured, Mellat Insurance has signed valuable contracts with reinsurers on the international scale. In continuation with these deals and after years of negotiations, Mellat Insurance has succeeded in signing another reinsurance contract with foreign reinsurers,” reads a statement on the insurer’s official website.