Alborz Company Adds Reinsurance Segment

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.