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Changes occur in leadership of Azerbaijani insurance company

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Date: 16 December 2015 17:57

Baku, Azerbaijan, Dec. 16

By Azad Hasanli – Trend:

The board of directors and the management board of the Azerbaijani insurer AXA MBASK has changed, according to the message posted on its website.

Guillaume Lejeune, who succeeded Cemal Ererdi, has entered the board of directors of the insurance company.

In addition, Fuad Musa, who is also a director of legal and financial issues of the company, has entered the management board of the insurance company.

MBASK Insurance Company has been operating since 1992. It is one of the first private insurance companies in Azerbaijan. In 2010, one of the largest insurance companies in the world - AXA Group acquired a controlling stake (51 percent) of MBASK insurance company through its subsidiary ‘AXA Seguros Generales, S.A., De Seguros Y Reaseguros’ (Spain).

Currently, AXA Group is the sole shareholder of AXA MBASK.

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