Azerbaijan, Baku, 18 February / corr. Trend U. Ismayilova/ Gafar Majidov will be the new executive director of the Association of Insurance Companies of Azerbaijan with effect from 1 March, Hidayat Abdullayev, the acting director of the Association said.
Gafar Majidov was approved to the post of the executive director of the Association during the meeting of the organization held on 15 February. Majidov who was born in 1975, is a post-graduate in the Economic Institute of the National Academy of Sciences of Azerbaijan. Prior to this position he was employed at Garadagh Cement, Copsey and Associates and Renault Azеrbaycan.
"I plan to travel abroad in connection with the appointment, but not related to the insurance," Abdullayev said. Hidayat Abdullayev was elected the executive director of the Association on 22 June, 2007.
The Association of Insurance Companies of Azerbaijan was founded on 29 December 2006. The supervisory Board of the Association includes five insurance companies (MBASK, Standard Insurance, International Insurance Company, Azersigorta and Ateshgah).