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Azerbaijan insurers association to elect new chairman of board

Business Materials 1 September 2009 12:32 (UTC +04:00)

Azerbaijan, Baku, Sept. 1 / Trend , U.Ismayilova/

In September, the Azerbaijani Insurers Association (AIA) will hold the next meeting of the board and elect a new chairman of the association, the AIA Executive Director, Gafar Majidov said on Sept. 1.

"The chairman of the Ateshgah company, Azar Aliyev will be elected a new chairman of the association," said Majidov.

He said an exact date of the meeting of the association will be known soon.

The first chairman of the association was Kamal Ibrahimov (Standard Insurance), the second and current - Jamil Malikov (MBASK)

Azerbaijani insurers association was established in December 2006. The association includes all operating insurers. Supervision council of the organization includes five insurance companies of Azerbaijan - MBASK, Standard Insurance, the International Insurance Company, Azersigorta, Ateshgah.

There are 28 insurance and one reinsurance company in Azerbaijan and all of them are members of the AIA.

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