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International

German, Italian insurers mull buying stakes in Iranian counterparts

December 18, 2017 Reprints

Abdolnasser Hemmati, head of regulator the Central Insurance of Iran, said that two insurers from Italy and Germany are looking to buy stakes of Iranian insurers, Financial Tribune reported citing Ibena.ir. "We have negotiated with 10 top international insurers for further cooperation while they have announced their readiness to start making investments in Iran," Mr. Hemmati said. Iran intends "to gradually expand ties with foreign reinsurers to cover catastrophic losses," he added.

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German, Italian insurers mull buying stakes in Iranian counterparts

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