Companies across Europe are mulling their options after the Trump administration decided to turn its back on the deal with Iran. Swiss Re is one of the firms affected by the upheaval.
Iran’s «Mehr» newswire on Sunday reported that Swiss Re, the Zurich-based reinsurance company, was to leave the country following the unilateral decision by the U.S. Confronted with the story by «AWP», a Swiss Re spokesperson said the information as such was «not correct».
Swiss Re is evaluating the effects of the planned withdrawal by the U.S. on business in Iran. The company, the world’s second-largest reinsurer, had however not yet taken a decision.
Harsh Economic Sanctions
The U.S. has threatened the Mullah state with harsh economic sanctions in the wake of Donald Trump’s decision to renege on the deal which was intended to stop the Iranian quest to acquire a nuclear weapon in exchange for the lifting of economic sanctions.
