TehranRe: a fifth reinsurer for Iran

In March 2021, the Iranian regulatory authorities approved the establishment of Tehran Ruck Reinsurance Company (TehranRe). The company then reached an agreement in principle in July 2021 followed by an IPO in December of the same year.

This will be the fifth reinsurance company licensed in Iran after Amin Re, Iranian Re, Saman Reinsurance and Pars Reinsurance.

With a share capital of 20 million USD, TehranRe will provide reinsurance capacity to the local market.

Esmaiel Davarpanah, Mostafa Nourollahi and Mohsen Gharahkhani have been respectively appointed General Manager, Chairman of the Board and Vice Chairman of the new company.