New insurance company registered in Azerbaijan
BAKU, Azerbaijan, Sept. 1
By Zeyni Jafarov – Trend:
The State Tax Service under the Azerbaijani Ministry of Economy has registered the United Agricultural Insurance Company, Trend reports referring to the ministry.
The authorized capital of the company has been estimated at 2.2 million manat ($1.3 million). Azer Karimov is the legal representative.
Previously, Karimov served as the head of the department of insurance claims and legal support in PASHA Sigorta OJSC.
Karimov worked as a confidential affairs specialist at Azercosmos OJSC and also served as the director general in Kaas Telecom LLC.
The legal address of the new company is 175 Nobel Avenue, Khatai district, Baku, Azerbaijan.
The United Agricultural Insurance Company will operate as the managing organization of the Agricultural Insurance Fund under the Ministry of Agriculture.
The shareholders of the United Agricultural Insurance Company are seven insurance companies, namely, PASHA Sigorta OJSC, Qala Sigorta, Mega Sigorta, Azerbaijan Industrial Insurance Company, Xalq Sigorta, AzSigorta and Bakı Sigorta.
Each of them invested 315,500 manat ($185,588) in the authorized capital of the new commercial structure.