Azerbaijan, Baku, Aug. 24 / Trend U.Ismayilova /
Under the decision of the shareholders of the Azerbaijani Insurance Company Star Alyans Sigorta was renamed to Revan Sigorta, the company said on Aug.24.
The company was registered under a new name - Revan Sigorta open joint stock company (OJSC) on Aug. 21, the company said.
Star Alyans Sigorta OJSC operates on the Azerbaijani market since 1998. The company belonged to Efsen Group of companies, but was resold to Nurgun group of companies in 2007.
According to the Azerbaijani Finance Ministry, the company collected premiums worth 1.16 million manat, with payments of 0.48 million manat in the first half of 2009. Authorized capital of the company amounts to 1.96 million manat. The company offers two mandatory and four voluntary insurance services.
On Aug.24, the official exchange rate is 0.8039 manat to $1.
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