Termination of the sale agreement related to AXA MBask Insurance Company in Azerbaijan

The agreement with Mr. Elkhan Garibli to sell AXA’s non-life entity in Azerbaijan (AXA MBask Insurance Company OJSC), announced on February 21, 2018, has lapsed.

AXA Mbask Insurance Company has ceased underwriting new insurance business and will exclusively administer the inforce portfolio with the purpose of terminating its insurance activities in Azerbaijan as soon as practicable, while preserving the interest of its existing clients in Azerbaijan.