Slovenian re/insurer SAVA said the first estimates after the storm that hit South-Eastern region of the country on 8 June 2018 showed the aggregate losses will exceed EUR 5 million.

"The most severely affected place was Crnomelj with surroundings. Zavarovalnica SAVA, which holds a relatively large market share in this part of Slovenia, will cover all insured losses that its insured are entitled to claim".

The reinsurer pointed out that one loss event of EUR 5 million is already included in the planned profit or loss for 2018 of the Group: "If there are no other loss events of a similar size, the SAVA Re Group can still achieve the 2018 plan".