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Armeec AD

Summary

Company ID (NIN)

121076907

Company owner / manager

  • Others
  • Chimimport AD
  • CCB Group EAD

Country

Bulgaria

Capital

33,019,000

Total assets

412,409,000

Net profit for the period

7,465,000

Report year

2017

Currency

BGN

Industry

Non-life Insurance

General information

About Armeec AD

Armeec AD is a Bulgarian non-life insurer, part of Bulgarian holding group Chimimport AD. The Bulgarian Financial Supervision Commission ranked it sixth in the country in terms of gross written premiums for the period January - March 2019.

 

Last updated on June 18, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
April 11, 1996
NIN
121076907
Tickers
Stock Exchange
ISIN
Profile last updated
Sept. 30, 2019, 11:35 a.m.
Alternative names

    Armeec JSC
    Armeec ZAD
    Армеец ЗАД
    Armeec Insurance Joint Stock Company
    Armeets Insurance Company AD

History

    Apr 11, 1996 - Bulgarian Ministry of Defence establishes insurance company Armeec AD in Sofia, the capital of Bulgaria.

    July 2002 - Bulgaria-based Chimimport AD acquires 91.92% of the company.

    Nov 30, 2004 - Armeec AD establishes its local leasing subsidiary Armeec Leasing EOOD.

    Mar 31, 2014 - The company acquires the Russian insurer SK Itil OAO and later changes its name to Itil Armeec OAO.

    Dec 21, 2017 - Armeec AD acquires 1.2% stake in the local real estate investment trust CCB Real Estate Fund.

    Dec 28, 2017 - The company buys additional 1.0% in CCB Real Estate Fund for EUR 315,900.

    Jan 30, 2018 - Armeec AD decreases its stake in the local Galata Investment Company AD to 4.53% from 5.32%.

    March 2018 - The company sells a stake of more than 80% in its Russia-based unit Itil Armeec OAO.

    November 2018 - Armeec AD increases its stake in the local chemicals` supplier Himsnab Bulgaria AD to 5.0%.

    Mar 14, 2019 - The company increases its stake in Central Cooperative Bank AD to 9.43%.

    Mar 19, 2019 - Armeec AD acquires additional 4.44% stake in CCB Real Estate Fund for BGN 3.35 mln.

     

    Last updated on June 18, 2019.

Management

Board of Directors and Executives
Mirolyub Panchev Ivanov
Member of the Board
Konstantin Stoychev Velev
Member of the Board
Diana Nikolova Maneva
Member of the Board
Vasya Petrova Kokinova-Mollova
Member of the Board
Valentin Slavov Dimov
Member of the Board
Galin Ivanov Gorchev
Member of the Board
Alexander Dimitrov Kerezov
Chairman of the Board
Supervisory Board
Tihomir Angelov Atanasov
Procurator
Nikola Peev Mishev, representative of Chimimport AD (Bulgaria)
Chairman of the Board
Georgi Dimitrov Konstantinov, representative of Central Cooperative Bank AD
Member of the Board
Sava Marinov Stoynov, representative of Central Cooperative Bank AD
Member of the Board
Ivanka Daneva Gaydardzhieva
Member of the Board
Georgi Kostov Kosev, representative of Central Cooperative Bank AD
Member of the Board

Contacts

Address
2, Stefan Karadzha Str.
1000
Sofia, Bulgaria
Telephones

+359 700 13 939
+359 2 811 91 00
+359 2 981 13 40

Fax

+359 2 811 91 03

Emails

office@armeec.bg

Websites
www.armeec.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Others 9.27 Other
Chimimport AD 9.74 Company Bulgaria
CCB Group EAD 80.99 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
Armeec Leasing EOOD 50.0 Bulgaria

Products and services

Armeec AD provides the following services:

  • motor insurance;
  • property insurance;
  • marine insurance;
  • personal accident insurance;
  • cargo insurance;
  • aviation insurance;
  • liability insurance;
  • financial risk insurance;
  • travel insurance;
  • technical insurance;
  • agricultural insurance;
  • construction insurance.

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