OREANDA-NEWS. May 11, 2011. Azerbaijan Insurers Association (ASA) has decided on the new chairman of Supervisory Board, reported the press-centre of IBA.

ASA’s CEO Azer Aliyev has reported that representative of International insurance company has been elected a new chairman of the Supervisory Board.

" The International Insurance Company will itself name the particular rep",- A. Aliyev said.

The International insurance company reported that chairman of the company’s supervisory Board Sadikh Mammadov will represent ASA as a chairman of its Supervisory Board.

In April an extraordinary meeting of ASA’s shareholders was held in Baku. At the meeting there was made a decision to come back to annual rotation at the post of Association’s Chairman refusing from delegating power from one member of the board to others. As a result chairman of ASA’s Supervisory Board Azer Aliyev was elected the Association’s CEO. Earlier Azer Aliyev elected as a chairman of Supervisory Board by Ateshgah company received authority to continue his activity t this post from International Insurance Company and State Commercial Insurance Company Azersigorta. Besides the mentioned companies Standard Insurance and AXA MBASK are also members of ASA’s Supervisory Board.