The changes, which were voted on by the supervisory boards of the two companies on February 11, will take effect after necessary procedures have been finalised, Generali Bulgaria said in a press release.
Generali Bulgaria holds a share of nearly 9.0% of the Bulgarian insurance market.
In November last year, Generali Bulgaria acquired full control over Victoria, in which it had a 67% holding at the time.
Victoria was set up in 2002. Read the full story Generali Bulgaria, Victoria get new CEO