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: 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 to counter the illegal US restrictions, a senior insurance official said Tuesday.