Saman-Munich Re Partnership Endures

The contract signed by Saman Insurance Company with Munich Re last year is still binding, despite new developments in the wake of the US pullout from the Iran nuclear deal, the company’s CEO announced. 
Ahmad Reza Zarrabieh added that since last year, employees of Saman Insurance Company have been dispatched to Munich, Germany, to take part in training courses and bilateral cooperation in reinsurance and educational fields. 
Asked if Munich Re will leave the Iranian market because of looming sanctions, the CEO said, “No such news has been announced officially [by the company] yet.”