German reinsurance company to compensate for damage to burning plant of Azersun Holding-EXCLUSIVE

German reinsurance company to compensate for damage to burning plant of Azersun Holding-EXCLUSIVE
# 24 June 2022 14:36 (UTC +04:00)

Germany's Helman Reinsurance Company will pay the damage to the wheel estate and real estate regarding the burning plant of Azersun Holding," said a Member of the Board of Azersun Holding Savas Uzan in his exclusive statement to APA-Economics.

He noted that reinsurance of wheel estate and real estate has been implemented in the mentioned company and representatives of the foreign company have already started to assess the damage. When it comes to the volume of the damage, Savas Uzan said that it is difficult to say something yet: "This is not such a simple work. Assessment of the damage can take anywhere from 6 months to a year. That is why now it is difficult to say something about the volume of the damage".

Note that on April 28 of this year, a fire broke out in the warehouses belonging to Sun Food LLC in the “Azersun Industrial Park”. It has been noted that the company was damaged by AZN 20-30 mln manat. This amount may be the greatest insurance payment in Azerbaijani history.

Recall that the local insurer of Sun Food LLC is Azerbaijan Industrial Insurance Company including in the Azersun Holding.

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