Economy, Business And Markets
0

Reinsurance Cooperation With Russia

Reinsurance Cooperation With Russia Reinsurance Cooperation With Russia

The Central Insurance of Iran, the industry’s main regulator, signed an agreement with the Russian National Reinsurance Company on Wednesday. It provides for greater engagement between the two entities aimed at boosting trade and social bonds, CII head Abdolnaser Hemmati said after the signing ceremony. “The document is meant to expand technical cooperation and coordination in the reinsurance area under the framework of the two countries’ national regulations,” he was quoted as saying by the CII website. Hemmati added that the deal allows each side’s insurance companies to seek a share of the domestic market on the other side. The agreement came into effect on the day it was signed. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com