Representatives of Turkeys reinsurance company Milli Re arrived in Baku to familiarize with local insurers
Baku. Fineko/abc.az. Azlnsurance Insurance Company organized visit of representatives of Milli Re (Turkey) and CNK Broker&Towers Perrin Claytons leading companies in Baku. Khayal Mammadkhanli, Azlnsurance Deputy General Director, reported that the first such meeting in Azerbaijan was held in February 2006. ‘Milk Re expressed interest in Azeri insurance market and on its own initiative decided to visit Baku to create closer relations with local insurance companies,' K.Mammadkhanli said. Huseyn Yunak, Milli Re Deputy Chairman, informed that Milli Re is interested in expanding relations with Azeri insurance sector "We visited the city to present more information about our activity and to fix cooperation.' H.Yunak said. Milli Re launched its activity in Turkey in 1929 and it is one of the first and leading reinsurance companies of Turkey. The main founder is Turk Bankasi with over 70% of the stake. In 2006. the Company's premium reached YTL 853.4 million. As of Standard&Poor's Rating Agency estimation, the Company takes 69th place among 150 leading world insurance companies.