Willis

"Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country with caution... Marine and energy come top of the list for insurance sectors in which to write business, both for the anonymous respondents to the emailed questions and for other industry specialists. 'Historically we have dealt with Iran; it’s interesting to see what’s happening there,' said Ben Abraham, head of marine at insurance broker Willis, adding that the firm would adhere to the sanctions regime but would be watching for any changes. 'From a marine perspective, there are some large ship owners in Iran. There are lots of cargo, port terminals.'” (Reuters, "Foreign Insurers Take Cautious Look at Iran Business in Wake of Nuclear Deal," 7/26/15) (http://uk.reuters.com/article/2015/07/26/uk-iran-nuclear-insurance-idUKKCN0Q003X20150726)