Supervisory Board

Fuad Kuliyev – Chairman of the Supervisory Board


Was born on September 15th 1976.
Graduated with honors from Azerbaijan Medical University. Graduated financial faculty of Azerbaijan State University of Economics. He has a Certificate of Chartered Insurance Institute. In the insurance business since the 2002 year. Prior to 2011 year he worked on the position of the Deputy Chairman of the Board of “Standard Insurance”, Azerbaijan. Has working experience in Russian insurance market: IIG “Osnova” LLC (Deputy General Director), “AFM Insurance brokers” LLC (Executive Director). Since November 12, 2012 has worked as a Chairman of the Management Board in “AzRe Reinsurance” OJSC. From January 3, 2019 he is a Chairman of the Supervisory Board.
He has good command of Azerbaijani, Russian and English languages.



Valihad Safarov – Member of the Supervisory Board

Anar Mansurov – Independent Supervisory Board member

Management Board

Vusal Abbasov – Chairman of the Management Board


Born in 1984. He holds a bachelor degree in Public Administration from Baku State University, and MBA degree in finance from Azerbaijan State University of Economics. He has also received EMBA degree from Maastricht School of Management and ADA University. Vusal Abbasov started his insurance career in 2005. He worked as a Deputy General Manager of Alfa Insurance before joining AzRe Reinsurance as a Deputy Chairman of the Management Board in 2007. He was promoted to the position of Chief Executive Officer on January 3, 2019.
He has good command of Azerbaijani, Russian and English.






Lala Efendiyeva – Member of the Management Board

Born in 1963. She has been working in finance sector since 1995. In 2007 she was apponted Member of the Management Board of AzRe Reinsurance. She has good command of Azerbaijani, Russian and English.











Ivan Samsonov – Member of the Management Board

Born in 1983 in Sumgait. Graduated from National Academy of Aviation, majoring in “Air Transportation Management”. From 2003 to 2004 studied in the United States of America, in University of Missouri, Kansas city, majoring in Business Administration and Management. From 2014 to 2016 studied in “Maastricht School of Management” University and in Azerbaijan Diplomatic Academy, MBA degrees. Works in insurance business since 2004, dealing with underwriting and reinsurance. Since 2009 works as Director of Underwriting and Reinsurance Department and from January 3, 2019 he is a Member of the Management Board in “AzRe Reinsurance” OJSC. Speaks Azeri, Russian, Turkish and English languages.









Revision Committee

Gunduz Mammadli – Chairman of the Revision Committee

Emin Aslanov – Member of the Revision Committee

Javid Mirhadiyev - Member of the Revision Committee

Internal Audit

Farid Aliyev - Head of Internal Audit

Chief Accountant

Lala Afandiyeva – Chief Accountant

Responsible Actuary

Sarkhan Mikayilov – Director of Actuarial Department, Responsible Actuary

Born in 1974. Graduated with honors from BSU faculty of Applied Mathematics and Cybernetics in 1996. In 1996-2011 years he worked in the companies “Shollar Bottling Company”, “Baku Steel Company” and “Iktex” LLC by the areas of information technology, programming, planning, technical and financial analysis in the responsible positions. He has been working in insurance sector since 2011. He has good command of Azerbaijani, Russian and English.






Mr. David Wansbrough-Jones – Advisor

Mr. David Wansbrough-Jones has about 45 years experience working in the international insurance market. He has worked as a consultant assisting with the advancement of insurance and reinsurance in Central and Eastern Europe, and has been retained by a number of insurance and reinsurance companies in this region and the World Bank. He was Head of Reinsurance Operations and Advisor to the Management Board at Sava Re from 2007 to 2010 and both prior to that and more recently was Advisor to Polish Re and a board member at London-Almaty Insurance Co in Kazakhstan and is presently Deputy Chairman of ‘Wygodnie.pl’, the Polish Price Comparison Website. Since 2015 Mr. David Wansbrough-Jones works as the advisor in “AzRe Reinsurance” OJSC.