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.