By John Lee.
French-based global reinsurance company SCOR has reached an agreement concerning “CAT excess of loss in Iranian insurance market.”
The deal was finalised at a meeting in Paris between Dr. Abdolnaser Hemmati, the President of Bimeh Markazi Iran (Central Insurance of IR Iran), and Victor Peignet, Chief Executive Officer of SCOR Global P&C.
With gross written premiums of approximately 14 billion Euros, SCOR Global is the fifth largest reinsurer worldwide.
(Source: Bimeh Markazi, Intelligent Insurer)