Alfa Sigorta signs obligatory contract with a foreign reinsurer Gen Re
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
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
-
In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
Leave a review