The local insurance company Buta Sigorta has dissolved itself, after which there are 24 participants left in the market.
According to the official organ of the Ministry of Taxes of Azerbaijan, the decision was taken at an extraordinary shareholders' meeting so that creditors can make claims within 2 months at the liquidation committee at the address: Baku, Binagadi Highway, Quarter 3066, 168B.
Recall, the company's assets amounted to 33,292 insurance policies in the amount of AZN 1.84 million. They have been transferred to the company Gunay Sigorta, and the head of Buta Sigorta Gambar Suvanverdiev has become Chairman of its Board.
JSC Buta Sigorta has operated since 1996 and is better known under the name of Thames Insurance Group (from 2000 to April 2012). In the first half-year the company worked with a loss – collecting AZN 593,950 of premiums, it paid 913,330 manats on proven insurance cases. --17D-
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