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Armenian Businessmen Sold Insurance Company

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  • Armenian Businessmen Sold Insurance Company

    ARMENIAN BUSINESSMEN SOLD INSURANCE COMPANY

    news.am
    May 11 2011
    Armenia

    YEREVAN. - One of biggest Armenian businessmen, Mikhail Baghdasarov
    has sold his ASJ insurance company, sources told Armenian News-NEWS.am.

    ASJ was sold to Rasko insurance company, 94.83 % shares of which
    belong to Region financial-industrial corporation related to
    Ardshininvestbank.

    ASJ is mainly engaged in aviation insurance risks. It is the only
    company in the Armenian insurance market which refused to be engaged
    in compulsory car insurance.

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