TODAY.AZ / Business

AIG Caspian International Co. Ltd. increased its authorized capital

12 January 2007 [00:19] - TODAY.AZ
The authorized fund of the AIG Caspian International Company Ltd. has risen to AZN 3.5m.

Company's Office in Baku told the APA that this figure is 3.5 times up year-over-year.

By the Cabinet decision dated 9 April, 2004, the authorized capital of the insurance companies has to reach AZN 1m by 2010.

The company's insurance fees collection fell by 39.2% to AZN 2.894m, insurance payment fell by 99.7% to AZN 1 122, year-over-year, in 2006.

Having been operating in Azerbaijan since 1999, the AIG Caspian International Company Ltd. provides 7 voluntary insurance services.


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