SCOR agrees CAT Excess of Loss Deal with Iran

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)

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