Peter SKVARCA joins the management board of Sava Re

9 January 2020 — press.release
On 19 December 2019, the supervisory board of Sava Re d.d. received the statement of Srecko CEBRON on his early termination of tenure on the Sava Re management board and accepted his proposal for the consensual termination of his employment contract as a management board member as of 31 May 2020.

At the same meeting, the supervisory board unanimously supported the proposal of Marko JAZBEC as Chairman of the Management Board and appointed Peter SKVARCA, who comes from within the ranks of the Sava Insurance Group, as a new member of the management board.

Peter SKVARCA, who will be responsible for reinsurance operations after the retirement of Srecko CEBRON, has been appointed for a five-year term, beginning on the next business day following the receipt of the Insurance Supervision Agency's decision to issue a licence to Peter SKVARCA to act as a member of the management board.

After graduating in international relations from the University of Ljubljana's Faculty of Social Sciences in 1998, Peter SKVARCA started his career as a specialist and then as an adviser at the Slovenian Ministry of the Economy. He continued his education at the University of Limerick, Ireland (receiving a master's degree in European integration). He started working at the Slovenian embassy in North Macedonia as an economic advisor in 2004. In this role he successfully advanced the national and business interests of Slovenian companies. In 2007, he joined the Sava Insurance Group and served as CEO of the Group's North Macedonian insurer Sava Osiguruvanje from 2011 to 2018. During his tenure, the leadership of the North Macedonian insurer managed to turn around the company's business performance, reduce its risk exposure, restore confidence in the brand and strengthen the company as a trustworthy partner. Today, Sava Osiguruvanje ranks among the best-performing insurance companies in the North Macedonian market.

Mateja Lovsin HERIC, chair of the Sava Re supervisory board:

"The supervisory board is convinced that the management board in the envisioned new composition, with its know-how, experience, skills and goal focus, will continue to deliver on the planned strategy of the Company and the Sava Insurance Group."


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