The composition of the Board of Directors (BoD) of "Baku Insurance" company has been changed.

According to the information obtained by "APA-Economics" from the insurance company, Elmar Abasov, a member of the company's Board of Directors, was elected an independent member of the JSC.

Another member of the Board of Directors, Jamil Mammadli, was removed from the position of the Board of Directors.

It should be noted that "Baku Insurance" OJSC started operating on October 1, 2007.

The company's shareholders are "Bank Respublika" OJSC, "Diamond Motors" LLC, "Ekolizing" LLC, "Toyota Absheron Center" LLC, "Yeni Motor" LLC, and 2 individuals.