Baku 16° C
One more insurance company leaves Azerbaijani market
Finance
- 08 November, 2016
- 07:26
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 8 November. REPORT.AZ/ Azergarant Insurance OJSC has suspended its activity.
Report informs citing the company.
According to information, leaving the market is due to lack of capital. The company's 100% shareholder and Chairman of the Board of Directors, Ogtay Abbas Aliyev adopted a decision to suspend the activity as couldn't solve the problem.
A commission has been established to fulfill obligations by Azergarant Insurance. The commission is led by Chairman of the Managing Board, Rashad Ahliman Mammadov.
Notably, Azergarant Insurance is a legal successor of the "Şərqə Qapı Sığorta" LLC, established in 1993.
Author
Azərbaycanın daha bir sığorta şirkəti bazarı tərk edir
Еще одна страховая компания покидает рынок Азербайджана
Latest News
23:47
US federal judge Alvin Hellerstein dies at 92
Other countries
23:28
Erdoğan, Trump discuss bilateral ties and regional developments
Region
22:51
Fed holds rates steady at 3.75%–4%, signals possible further hikes
Other countries
22:36
Azerbaijan, FAO discuss cooperation and future prospects
Foreign policy
22:24
Erdoğan, Tokayev discuss bilateral cooperation in Ankara
Region
22:21
Photo
Azerbaijan, Sudan discuss prospects for cultural cooperation
Culture
22:09
President Ilham Aliyev offers condolences to Spain over train tragedy
Foreign policy
21:43
Photo
Heydar Aliyev Foundation and ICESCO sign new cooperation agreement
Cultural policy
21:41
Azerbaijan, Slovakia welcome launch of direct air connection
Tourism