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International

Iranian reinsurer in talks with foreign counterparts for reinsurance coverage

December 11, 2017 Reprints

Seyyed Mohammad Asoudeh, chief executive of Iranian Reinsurance Co., said that the reinsurer is in talks with several foreign reinsurers for coverage, Financial Tribune reported. The foreign reinsurers Iranian Re is talking to include France-based Scor S.E., Bermuda-based PartnerRe Ltd. and Lebanon-based Nasco Insurance Group. "We had a round of successful negotiations regarding mutual insurance cooperation and reinsurance coverage in addition to cooperation in offering modern insurance and reinsurance coverage,” Mr. Asoudeh said. IranianRe is looking to transfer a portion of the country's risk to foreign reinsurers.

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Iranian reinsurer in talks with foreign counterparts for reinsurance coverage

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