EghtesadOnline: 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 been added to the list.
EghtesadOnline: Insurance companies are facing restrictions for transferring risk to foreign reinsurance companies, though talks are underway with reinsurance companies in Azerbaijan, Russia and Syria, according to Mostafa Kiaei, CEO of Amin Reinsurance Company.
EghtesadOnline: The latest appraisal of risk retention capacity of domestic insurance companies has placed state-owned Iran Insurance Company on the top.
EghtesadOnline: 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 international players in the key sector.
EghtesadOnline: American International Group Inc said it would pay $9.8 billion to National Indemnity Co, a unit of Berkshire Hathaway Inc, to cover most of AIG's U.S. Commercial "long-tail exposures" for accidents that occurred in 2015 and prior.