Iranian government to sell stake in reinsurer to boost privatization

Farid Dehdilani, international advisor to Iranian Privatization Organization, said that Iran plans to sell its 11% stake in Iran-based Amin Reinsurance Co. to promote privatization in the insurance industry, Middle East Insurance Review reported citing Financial Tribune. “There are only a handful of reinsurers in the country and since the industry is still underserved, this presents a niche for both domestic and foreign investors,” Mr. Dehdilani said.
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