A memorandum establishing an international reinsurance facility called Turan was recently signed in the capital of Uzbekistan, Tashkent, according to a ASN News report.
According to the announcement, the conference preceding the signing was attended by various heads of insurance companies, as well as representatives of regulators from Kazakhstan, Uzbekistan, Azerbaijan and Georgia.
Moreover, the members of the association were private insurance companies, one from each state: Halyk (Kazakhstan), Apex Insurance (Uzbekistan), AzRe Reinsurance (Azerbaijan) and Aldagi (Georgia).
According to ASN, the pool will be managed by insurance brokers, the American Marsh & McLennan Companies.
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