Two local insurance companies, namely Amin Re and Mellat Insurance, have received regulatory permission to issue reinsurance bonds for the first time in Iran.
Iran Reinsurance Market
Ava Pars Reinsurance Company (Ava Pars Re) was officially launched as Iran’s sixth reinsurance company. The Central Insurance company of Iran (CII), the industry regulator, issued the operation…
The Central Insurance company of Iran's recently updated list of insurers authorized to accept reinsurance cover, shows Alborz Insurance Company, one of the big four private firms in Iran, has…
Insurance companies are facing restrictions for transferring risk to foreign reinsurance companies, though talks are underway with reinsurance companies in Azerbaijan, Russia and Syria,…
New US sanctions and major reinsurance companies' aversion to play their proper role has deprived the country of the ability to transfer major risks outside its borders and to the top…
The Central Insurance company of Iran announced the risk retention and reinsurance capacity for insurance companies. According to data published by the CII website, the main state-owned Iran…
With 14 new reinsurance companies emerging around the time the US re-sanctioned Iran, capacity of the reinsurance industry expanded by 9.2 trillion rials ($80 million), enhancing its ability…
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…
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…
Iran’s reinsurance deals with foreign counterparts are not in danger of being revoked when US sanctions snap back in a maximum of six months, the chief executive of Iranian Reinsurance Company…
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…
The Central Insurance of Iran, the industry’s regulating body and its largest reinsurer, announced on Thursday it has reached a much-anticipated agreement with France’s SCOR SE, based on which…
In what would mark a big stride toward the development of Iran's insurance industry and the promotion of its privatization initiative, the government is to relinquish its remaining stake in Amin…
The government has approved divesting 14% of its shares in Amin Re by the end of the current Iranian year (March 20), announced Amin Re’s chief executive.
Mostafa Kiaei also told a press…
Munich Re, the world’s top reinsurance company, is prepared to offer reinsurance coverage for life insurance and non-life insurance categories to Iranian firms.
