The reinsurance company AzRe Tekrarsigorta received a perpetual license for professional activities.
According to the official report of the portal of the State Insurance Supervision Service of the Ministry of Finance of Azerbaijan, the document was issued by order of the Minister on 7 November.
The reason for update is the expiry of the previous license for a period of 5 years.
AzRe Tekrarsigorta has been operating in Azerbaijan since 2007. Its unchanged chairman is a professional financier Chingiz Mehdiyev. The authorized capital of the company on April 30 of this year was 40 million manat.
The company provides services for all types of reinsurance risks. - 17D-
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