Mr. Huseynov told APA his dismissal is related with his new job in a new insurance company. Rafig Hajiyev is expected to be appointed as director of the company soon.

The branches of the company have stopped functioning.

Absheron Insurance Company has been operating since 1993. Authority capital of the company was AZN720 000 till January 1. At present the company provides 20 volunteer and 4 compulsory insurance services.