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International Insurance Company Studies Prospects for Further Cooperation in Re-Insurance

Business Materials 14 June 2007 19:05 (UTC +04:00)

Azerbaijan, Baku / Trend / The Deputy President of the International Insurance Company LLC, Ruslan Gasanbeyov, held meetings with the representatives of such large re-insurance companies as Russian Re (Russia) and Hannover Re (Germany) in order to study the prospects for further cooperation in the re-insurance field.

During the meetings, the agreements on the organization of workshops and training intended to exchange skills and improve qualifications of underwriters of the International Insurance Company.

The International Insurance Company is cooperating with a plenty of leading foreign re-insurance companies, with AIG, General Cologne Re, Willis and others among them.

The International Insurance Company operating in Azerbaijani insurance market since 2002 was issued a license prolonging the term of activities on 1 April, 2007. The statutory capital of the company made up AZN 8, 800,000 by 1 April. The company is providing services for 30 forms of insurance, with four of them obligatory.

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