Pasha Insurance delegation finalized its work in Reinsurance Forum in Baden-Baden

Baku, November 12 (AzerTAc). Pasha Insurance delegation finalized the negotiation process with the international reinsurance companies and brokers for the reinsurance placement planning in 2011.
The negotiation process proceeded as part of the Annual Reinsurance Symposium and Forum held in Baden-Baden, Germany. In addition to the negotiation process in Baden-Baden, the members of Pasha Insurance delegation also made a working visit to the Central Office of German company Munich Re in Munich. The delegation discussed the status of Azerbaijani construction and installation risks and other engineering risks reinsured in Munich Re, as well as the possibilities and conditions of risk sharing and purchase of reinsurance coverage in 2011.
The head of Pasha Insurance delegation in the forum Niyaz Ismayilov stressed the Symposium and the following Forum of reinsurers and brokers as the largest international events for the assessment of the current trends in the international insurance and planning of reinsurance activity for the next year. With its growing business Pasha Insurance will naturally increase in 2011 the amount of shared risks of large corporate clients from Azerbaijan in the international markets.
According to the results of achieved agreements, next year this work will be carried out in the first instance with ACE (France) and Munich Re (Germany), as well as an American Broker Marsh, a Turkish broker Turker and directly in London market Lloyds through brokers.