Also Known As:
Iran Insurance Co.
- Hasht Behesh St-Fatemi St-No 121, Tehran
- P.O. Box 14155-6363, 107 Fatemi Ave., Tehran, Iran
- Abdolaziz-Al-Masaeed Building, Sheikh Maktoom St., Deira, P.O. Box 2004, Dubai, United Arab Emirates
- P.O. Box 1867, Al Ain, Abu Dhabi, United Arab Emirates
- 107 Dr Fatemi Avenue, Tehran 14155/6363, Iran
- P.O. Box 3281, Abu Dhabi, United Arab Emirates
- P.O. Box 1666, Sharjah, United Arab Emirates
- P.O. Box 849, Ras-Al-Khaimah, United Arab Emirates
- P.O. Box 417, Muscat 113, Oman
- P.O. Box 676, Salalah 211, Oman
- P.O. Box 995, Manama, Bahrain
- P.O. Box 2004, Dubai, United Arab Emirates
- 121 Fatemi Ave., P.O. Box 14155-6363 Tehran, Iran
88954701, 88954677, +98 21-895-4650, +971(4)2214747, (+98-21) 8864685/6, 886-4730, 886-4650/9, +973 17 533335
+98 21-895-4698, +971(4)2217660, (+98-21) 8864698, +973 17 537171
Entity Web Site:
Insurance company owned by the government of Iran.
According to the European Union, has insured the purchase of various items that can be used in programs of concern for proliferation, including "helicopter spare parts, electronics, and computers with applications in aircraft and missile navigation".
Provides marine, engineering, automobile, fire, and liability insurance; underwrites infrastructure projects in Iran's oil, natural gas, petrochemical, power plant, and aviation sectors.
Has overseas branches located in Bahrain, England, Oman, and the United Arab Emirates; in April 2015, placed under administration by the Central Bank of Bahrain; owns or controls London-based Bimeh Iran Insurance Company (U.K.) Limited (BIUK).
Chairman and managing director is S.A. Hosseini; established in 1935.
As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.
Previously added to the SDN list on June 16, 2010, pursuant to the Iranian Transactions Regulations, which target entities controlled by the Government of Iran; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties.
Listed by the European Union on July 26, 2010 as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action.
Formerly designated by the Canadian government as an entity contributing to Iran's proliferation-sensitive nuclear activities or to its development of chemical, biological or nuclear weapons or their delivery systems.
Llisted by the British government in 2015 as an entity of potential concern for WMD-related procurement, but removed in 2017 after the U.K. withdrew its Iran list.