The Chairman of the Board of Directors of one of the leaders in the insurance market, PASHA Sigorta, has been replaced, ABC.AZ reports.

Farid Mammadov was relieved of his post, and Rovshan Allahverdiyev, who previously held the position of Chairman of the Board of Directors of PASHA Hyat Sigorta (life insurance), was appointed. Rovshan Allahverdiev is also Chairman of the Supervisory Board of Kapital Bank.

PASHA Sigorta insurance company was established in 2006. According to the results for the first quarter of this year, it occupies over 30% of the insurance sector of Azerbaijan.