The insurance company Alfa Sigorta signed an obligatory contract on reinsurance with one of the largest reinsurance companies Gen Re (General Reinsurance AG).
According to the report of the financial structure, Alfa Sigorta attaches great importance to the development of international relations. Improving underwriting work through improving the quality of reinsurance protection, the company attaches great importance to the establishment of partnerships with reinsurers class A. In this regard it concluded obligatory reinsurance contract risks with Gen Re.
Gen Re is a part of Berkshire Hathaway; its capital is $ 14 billion.
Alfa Sigorta received a license to operate in 1997. Its sole shareholder is JSC Bank Technique.
The authorized capital is 7.78 million manat. The company provides more than 35 types of compulsory and voluntary insurance. - 17D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review