A new reinsurer has been established in Iran’s capital called Tehran Reinsurance Company, which launches with around USD 20 million of capital, and which has ambitions to offer services for a local insurance-linked securities (ILS) market.
After Iranian regulators approved the launch of TehranRe in March 2021, the firm reached an agreement in principal for its establishment in July of that same year, with TehranRe’s initial public offering (IPO) taking place five months later in December.
Then, in May 2022, the founders general meeting occurred, before the new reinsurer officially launched on August 20th, 2022.
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