AZERBAIJAN: Audatex and Compulsory Insurers Bureau resume talks on sale of equity stakes

Insurance appraiser Audatex-Azerbaijan is entering a new stage of negotiations with the Compulsory Insurers Bureau for the purpose of selling equity stake of 5%.

Audatex-Azerbaijan's head Zakir Kerimzadeh has stated that before the parties have already agreed on equity stakes in the Bureau.

"An agreement was reached with Elkhan Guliyev, the former executive director of the Bureau, but the registration process was not implemented. Negotiations will be resumed with accession to the post of new executive director Fariz Azizov," Kerimzadeh said. Read the full story

Related articles

Tougher controls of the MTPL insurance in Azerbaijan

The Azeri Financial Market Supervisory Authority (FIMSA), Ministry of Internal Affairs (MIA) and Compulsory Insurance Bureau (CIB) have concluded an agreement for exchanging information on the MTPL insurance.

2017-06-06

ON THE MOVE

TOP EVENT

VIDEO: GIF 2017, LONDON: HRH The Prince of Wales welcome address

"Insurers have to play an important part not only in managing current risks, but also in modelling the future by contributing to a better understanding of risks, to closing the insurance gap and setting an example of responsible investment policy," HRH The Prince of Wales said in his welcome address at GIF 2017.

20.07.2017

See all