EghtesadOnline: The Central Insurance of Iran has announced the latest risk retention and inward reinsurance capacity allowed for insurance companies.
EghtesadOnline: The government plans to reduce the percentage of premiums Iranian insurance firms are obligated to entrust to the Central Insurance of Iran for the purpose of reinsurance, the director of the industry’s regulator said.
EghtesadOnline: Reinsurance industry’s representatives have sent a letter to Abdolnasser Hemmati, the head of Central Insurance of Iran, urging him to stop other insurance companies from being active in the reinsurance sector, the chief executive of Amin Reinsurance Company said.
EghtesadOnline: Mellat Insurance, affiliated with Bank Mellat, announced that it has signed a contract with France’s SCOR SE, based on which the major reinsurer will provide excessive loss coverage for Mellat.
EghtesadOnline: 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 the major reinsurer will cover catastrophe excess of loss reinsurance for Iran.
EghtesadOnline: 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 Reinsurance, a major company domiciled in the Free Trade Zone of Kish Island.
EghtesadOnline: Iran's Saman Insurance Company has signed a contract with the world's largest reinsurance company Munich Re, the CEO of Saman Insurance said on Wednesday.
EghtesadOnline: Abdolnasser Hemmati, the president of Central Insurance of Iran, and Alice Vaidyan, CEO of GIC Reinsurance Company, discussed ways of expanding insurance ties between Iran and India.
EghtesadOnline: The Cabinet has made decisions concerning reinsurance and debts owed to the Oil Stabilization Fund among other things in their latest meeting on Wednesday.
EghtesadOnline: 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.