SCOR Global P&C SE to protect Iranian insurers
By Khalid Kazimov – Trend:
The Paris-based SCOR Global P&C SE has agreed to protect Iranian insurers against the accumulation of losses due to single events.
The head of Central Insurance of Iran, Abdolnaser Hemmati, and Victor Peignet, Chief Executive Officer of SCOR Global P&C SE concluded the agreement on catastrophe excess of losses in Paris Sep.28, IRNA reported.
During the meeting, Hemmati expressed hope that the other big insurers would expand cooperation with Iran.
SCOR with a total reinsurance premium of 14 billion euros ranks as the world's fifth-largest reinsurance company.