February 27 (SeeNews) - Bulgarian insurance brokerage Admiral Insurance Broker said on Monday it changed its name to Mussala Insurance Broker in line with its plans for its development in the country.
The company's ownership and management structure remain unchanged, the brokerage said in a press release.
"Mussala Insurance Broker plans to build on its presence in Bulgaria's capital Sofia and other large cities in the country," the company also said.
In 2016, the company's premium income amounted to 21.6 million levs ($11.7 million/11.04 million euro), up by 25.6% compared to 2015.
The company, founded in 2007, operates 120 offices in the country.
(1 euro = 1.95583 levs)