Azerbaijan, Baku, Dec. 19 / Trend , U.Ismayilova /" Azerbaijani B&G insurance company, which has previously purchased the portfolio of cancelled Azerbaijani-Iranian Azer-Assia company, is prepared to purchase the portfolio of another company," Zaur Novruzov, the chairman of the board of the BE&G, said.
"There are still no concrete plans. If there will be appropriable proposals we will think about," Novruzov said.
Company has enough funds and possibility to acquire the portfolio of shares.
The Azerbaijani Finance Ministry refused Azer-Assia company in prolongation of the period of licence on insurance activity in February, given out on Nov, 21, 2002. The results of check in Azer-Assia from October 2006 to October 2007 for correspondence to insurance legislation have become the ground for the failure. The check revealed facts of disturbances.
In September the board of the liquidated Azer-Assia company
transmitted its portfolio to the BE&G joint stock company.
According to Novruzov, there was more than 10,000 clients in Azer-Assia, as a
result of which the portfolio of the company grew by 340,000 - to AZN1.6mln.
BE& G, which acts since 1998 and prolonged licence in February, renders 28
forms of insurance services, four of which are compulsory. The authorizes
capital of company composes AZN 800,000.
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