Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017
Scor progresses plans for Iranian XoL cover
- 2 October 2017
Negotiations between global reinsurer Scor and Iranian authorities appear to have taken a step forward, after Iran's insurance regulator hailed the "beneficial outcome" of recent conversations.
In a statement published this morning, Central Insurance of the Islamic Republic of Iran (CII) said it had reached an agreement for Scor to write catastrophe excess-of-loss (XoL) reinsurance in the country.
"Such an accordance is the consequence of extensive investigations and discussions conducted by [the regulator's] top executives as well as technical experts...
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