April 1996 - Armeec Insurance Jsc was established with major shareholders the Ministry of Defence and trade companies from the system of the Ministry Defence
June 1998 - Armeec Jsc was licensed to carry outinsurance activities in the field of general insurancepursuant to Licence №7 for performance of insurance activitiesq issued by the National Insurane Council
July 2002 - Chimimport AD acquired 91,92% of the company capital The Ministry of Defence and the trate companies from its system retained 8,08% of the share capital
July 2005 - Armeec Jsc was granted a licence for performance of reinsurance business
April 2008 - Armeec Jsc notified the Financial Supervision Commission of its intention to perform insurance activities on the territory of the European Union on a "freedom services" basis.

Armeec Jsc has a two-tier management system consisting of Supervisory Board and Management Board. The Supervisory Board consists of three members and it elects the Management Board. The Management Board, on its part, elects the Executive Directors with the approval of the Supervisory Board.

Supervisory Board
  • Chimimport AD, represented by Nikola Mishev - Chairman
  • Prof. Nansen Alfred Behar
  • Central Cooperative Bank AD, represented by Georgi Konstantinov, Sava Stoinov and Tihomir Atanasov

Managing Board

  • Rumen Georgiev - Chairman
  • Valentin Dimov - Member of the Managing Committee
  • Aleksandur Kerezov - Member of the Managing Committee
  • Tsvetanka Krumova - Member of the Managing Committee

Executive Directors
  • Rumen Georgiev
  • Tsvetanka Krumova

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