Tag Archives | insurance

Japan Lifts Nuclear Sanctions on Iran

By John Lee. Japan lifted its sanctions on Iran on Friday. Chief Cabinet Secretary Yoshihide Suga (pictured): “Japan would like to strengthen our cooperative relationship with Iran further and contribute to the peace and stability of the Middle East through our traditional friendly relationship with Iran.” Reuters reports that Japanese companies, including those in the […]

Lloyds Resumes Insuring Iranian Oil Tankers

By John Lee. The managing director of the National Iranian Tanker Company (NITC) has said that Iranian oil tankers will be able to avail Lloyds insurance services from Monday, a few days after the removal of international sanctions against Iran. Ali Akbar Safaei added that the NITC has close to 60 Very Large Crude Carriers […]

Italian Insurer signs Deals with three Iranian Banks

Italy’s state-owned export credit and insurance company SACE has signed three collaboration agreements with the major Iranian private banks – Bank Pasargad, Bank Parsian and Saman Bank – aimed at facilitating a more rapid and effective resumption of trade and investments in the country. The President of SACE, Giovanni Castellaneta (pictured) — himself a former […]

French Insurers Eager to Invest in Iran

Chairman of the Board of French insurance group NASCO met and talked with the President of Iran Central Insurance and announced the company’s readiness to cooperate with Iranian insurance companies. During the meeting, Mohamed Ibrahim Amin offered his solutions for attracting foreign investment in the Iranian insurance companies. Gabriel Bejjani, Chairman of the Board of […]

British, Swedish Firms Shortlisted to Insure Iranian Tankers

The Director of Commerce of the National Iranian Tanker Company (NITC) has said that two major British and Swedish insurance companies have been selected to provide coverage for Iranian vessels. “Following the international political opening, numerous number of qualified international firms have approached NITC negotiating terms of insurance policies,” Nasrollah Sardashti told Shana. They are […]

British, Japanese Insurers visit Iran

The Chairman and CEO of the Iran Insurance Company has hosted representatives of the British United Insurance Brokers (UIB) and Japanese insurer, Sompo. The purpose of the meeting was to increase the level of interaction in the post-sanctions era, to develop reinsurance, to provide reinsurance coverage requirements, and to improve the coverage especially in property […]

Iran Insures Foreign Investors Against Non-Economic Risks

The President of the Organization for Investment, Economic and Technical Assistance of Iran says that any foreign investor wishing to enter the country will be fully insured against all non-economic risks by the government of the Islamic Republic of Iran. At the first international conference on Investment Opportunities in Transportation, Housing and Urban Development, Mohammad […]