Slovenian reinsurer Sava Re said on Friday it expects to end 2017 with a consolidated net profit of 31 million euro (USD 36.7 million), down from 32.9 million euro last year.
Adriatic Slovenica, the third biggest insurance group in the country,
has unveiled a new five-year strategy, which aims to address growing
challenges on the market, including tougher competition because of a
merger of two competitors. The January-September profit of the group,
which is up for sale, dropped 17% from a year ago to EUR 6m.
The Slovenian insurance market reported a 6.6% y-o-y nine months growth rate to about EUR 1.67 billion, statistics of the country's Insurance Association indicated.
Sava Re celebrates forty years. A ceremony was held on 21 November 2017 in Ljubljana (Slovenia) to celebrate this event.
Slovenian insurers half year results show a 6.8% increase in GWP, to EUR 1.16 billion, fueled by the life and non-life insurance segments.
Insurer Zavarovalnica Triglav generated 58% of Monday's trading turnover on the Ljubljana Stock Exchange, bourse data showed.
PARSEK, a highly professional eBusiness solutions provider based in
Slovenia, has decided to support IIF2017: Insurance in the DIGITAL
World Conference. The event will take place in Vienna, on November 14.
Slovenian insurer Zavarovalnica Triglav tops the list of 100 largest insurers in the region comprising the former Yugoslav republics, Albania, Romania, Bulgaria and Moldavia, compiled by the Bulgarian business web portal SeeNews. The top five insurers on the list based on results from 2016 include another three Slovenian ones.
Adris Grupa has launched an administrative dispute over the decision of
the Slovenian insurance watchdog to deny the Croatian company regulatory
clearance to increase its stake in Slovenian insurance group Sava Re to
33%, the news web portal Siol.net reported on Thursday.
Slovenia's export and development bank has published an intention to sell its credit insurance company SID - Prva kreditna zavarovalnica, as part of the strategic focus on core business.
Slovenian insurance company KD Group was the top blue-chip decliner in Monday's trading session on the Ljubljana Stock Exchange, bourse data indicated.
Slovenia's insurance regulator had once again denied the request of insurer Croatia Osiguranje to increase its stake in re-insurer Sava Re to 33%, Ljubljana-based media reported on Wednesday.
Slovenian insurers posted Q1 GWP of EUR 607.4 million, 6.6% up y-o-y. Life segment totaled EUR 167.7 million, up by 13.7% y-o-y, while non-life insurers reported GWP of EUR 439.7 million, about 4.2% up y-o-y.
Insurer Zavarovalnica Sava generated almost EUR 27.9m in net profit last year, which is 16% less than in 2015. The company attributes the drop in profit to damages paid out over hail that hit the entire country last August, with north-eastern Slovenia, where the insurer is most present, being hit the hardest.
Standard & Poor's has said it raised its long-term issuer credit rating on Slovenia-based SID Bank to 'A+' from 'A', affirming its stable outlook.
ussia's Sberbank said on Thursday it has started enforcing a pledge over an 18.53% stake in Slovenian retailer Mercator, with the actual enforcement to take place as early as end-June.
Slovenian companies and institutions have been warned to take
cybersecurity seriously after the global ransomware attack that hit tens
of thousands of targets on Friday.
At the end of December 2016, the Slovenian insurers, members of the local association, reported aggregate GWP of EUR 2.03 billion, up by 1.5% y-o-y, the latest data published by SIA show.
Slovenia's holding company Triglav INT, a member of the country's biggest insurer Zavarovalnica Triglav, has launched a buyout bid for the 12% stake it does not already own in Bosnian insurance company Triglav Osiguranje [SAJ:BHOSR], the latter said on Monday.
Slovenia's biggest insurer, Zavarovalnica Triglav, said on Tuesday it plans to pay a gross dividend of 2.5 euro per share for 2016, equal to a year earlier.