List of Foreign Partners of Local Insurers Added
Just a few reinsurers and brokers added to the registry of the State Insurance Supervision Service of the Ministry of Finance of AR (http://sigorta.maliyye.gov.az/node/22).
In the reinsurance segment there are 8 novices. The most recognizable brand is Swiss Re Corporate Solutions Ltd. (Dubai branch of the Swiss company). It is also worth noting the presence of the British in the face of Ironshore Europe Limited. The register of foreign insurance and reinsurance companies also includes companies: International Insurance Company IRAO Ltd. (Georgia), Bimeh Iran Insurance Co. (Iran), Starr Insurance & Reinsurance Limited (Bermuda Isles), Qatar Reinsurance Company LLC (Qatar), Emirates Insurance Company (PSC, UAE), JSC ZHASO (Russia). Thus, this list has 159 partners of local insurers.
The number of foreign intermediaries (brokers) has been supplemented by 7 structures - Max Insurance Brokers Ltd., Arthur J. Gallagher (UK) Ltd., Lockton Companies LLP, Alesco Risk Management Services Limited (all are the UK), Aon Central and Eastern Europea (Czech Republic), JLT Sigorta ve Reasurans Brokerligi A.S. (Turkey) and Resolution Insurance Broker, Georgia LLC (Georgia). It is a list of 78 foreign broker companies. Foreign individuals are not represented.
The register of foreign insurance, reinsurance and brokerage companies was established by the Insurance Supervision Service under the law "On insurance activity". Here are companies with high rating, thereby they are allowed to work with local partners to implement the insurance, reinsurance and brokerage operations. --17D-
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