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Azerbaijani reinsurance company to approve budget

Business Materials 27 February 2009 10:21 (UTC +04:00)

Azerbaijan, Baku, Feb. 27 / Trend , U.Ismayilova/

Azerbaijan's first reinsurance company AzRe Tekrarsigorta will hold a shareholders meeting on Feb. 27, the company said.

A report on the company's financial activities in 2008 will be discussed. A budget will also be approved for 2009. Administrative issues will also be examined at the meeting.

AzRe received a license from the Finance Ministry to conduct reinsurance activities on Nov. 7, 2007. The company's authorized capital is two million manat.

Six individuals are company shareholders.

The company offers non-life insurance to local and regional insurance and reinsurance companies.

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