Iran reinsurance
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Risk Retention, Reinsurance Caps Announced
EghtesadOnline: The Central Insurance of Iran has announced the latest risk retention and inward reinsurance capacity allowed for insurance companies.
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Insurers’ Compulsory Cession to Shrink by 2022
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…
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Push for Reinsurance Reform
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…
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Iran's Mellat Insurance, SCOR Finalize Reinsurance Deal
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…
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Iran, SCOR SE Reach Reinsurance Agreement
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,…
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Iran Gov't Divesting Reinsurance Stake
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…
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Update: Munich Re Signs 1st Post-Sanctions Deal With Iran
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.
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India's Biggest Reinsurer Eying Iran
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…
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Gov't Retains 25% Compulsory Cession for General Insurance Firms
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.
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1st UK Reinsurance for South Pars Projects
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…
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Iran, Armenia to Expand Insurance Cooperation
EghtesadOnline: The Central Insurance of Iran and Central Bank of Armenia on Thursday signed an agreement to expand cooperation in insurance and reinsurance services.
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Iranian Gov’t to Sell Stake in Amin Re
EghtesadOnline: 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.
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140 Foreign insurers seeking Iran entry
EghtesadOnline: The Central Insurance of Iran, the industry’s regulator, has held talks with more than 140 foreign insurance and reinsurance companies that sought to enter the Iranian market…