The Central Insurance company of Iran's recently updated list of
insurers authorized to accept reinsurance cover, shows Alborz Insurance
Company, one of the big four private firms in Iran, has been added to
the list.
The list now contains names of six insurance companies, namely Iran
Insurance Company, Iran Moein Insurance, Pasargad Insurance, Parsian
Insurance, Mellat Insurance and Alborz. Apart from these firms, Amin Re
and Iranian Re are also two specialized reinsurance companies operating
in Iran.
The state-run IIC was again atop with 11.6 trillion rials ($76 million)
reinsurance cover followed by the Tehran-based Alborz, which is allowed
to accept risk to the tune of 1.874 trillion rials.