ERGO International AG (“ERGO”) participated in the February 20, 2017 Vereinigung der Bayerischen Wirtschaft e. V. (“vbw”) meeting with Iranian Foreign Minister Dr. Mohammed Javad Zarif and Ambassador S. E. Ali Majedi. Prospective engagement with the vbw Economic Liaison Office in Tehran, where the Tehran Chamber will serve as a local partner. Troublingly, the Tehran Chamber is affiliated with the Iran Development and Renovation Organisation (“IDRO”). (vbw Website, “Round Table mit dem iranischen Außenminister Dr. Zarif”).
A senior official from Germany’s Ergo International Insurance Company voiced the interest of his company in entering the Iranian insurance industry. Alexander Ankel made the remarks on the sidelines at the 23rd National and 9th International Conference on Insurance and Development which started work here on Saturday. He told IRNA that Iran is a newly-emerging market in the insurance industry. (IRNA, "Official: "German insurance company interested in Iranian insurance industry," 12/14/2016