USD 1.7

Baku 25 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Azer-Asia Insurance Company to set up a liquidation commission

Azer-Asia Insurance Company to set up a liquidation commission

04 August 2009 16:39 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The shareholders of Azer-Asia Insurance will meet on August 31 to dissolve the board and set up a liquidation commission.

In he previous meeting, the shareholders failed to reach a decision on liquidation because Iranian shareholders didnâ€™t show up.

Azer-Asia Insurance Company is a co-owned joint venture between Azerbaijani and Iranian shareholders.

Azerbaijani Ministry of Finance refused to extend Azer-Asiaâ€™s expiring license on February 11, 2008. The main reason for the suspension of the license was that the company failed to operate under the law and terms of license.

Azer-Asia Insurance Company was owned by Iranâ€™s Asia Insurance Co. (49%) and Azerbaijanâ€™s AzerSighorta State Insurance Company (51%). The companyâ€™s share capital was AZN 800 000.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED