Bank Of Baku

New insurance company starts to operate in Azerbaijan

New insurance company starts to operate in Azerbaijan
# 29 December 2011 08:08 (UTC +04:00)
The State Insurance Supervision Service under the Finance Ministry told APA that in accordance with the legislation on insurance and licensing, Royal Sigorta has obtained a license for the period of 5 years.

Note that, the company is located in Baku city, Yasamal district, Sharifzadeh street/house #174/flat #15. Founders of the company – Ilgar Agil Aliyev, Famil Ilham Teymurov, Vugar Shahbaz Shahbazli, Shahbaz Gara Shahbazov and Fuad Ali Jam.

Famil Teymurov is the member of Royal Banks’ Observation Council; Fuad Ali Jam is the Director General. Remind that, Fuad Jam is son of Ali Jam, who is chairman of the Observation Council.

The company was registered on October 11.
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THE OPERATION IS BEING PERFORMED