Slovenia
The Sava Re Group has a new umbrella brand
The umbrella brand Sava Re Group will be replaced in all corporate documents by Zavarovalna skupina Sava in Slovenian and Sava Insurance Group in English, starting with the 1Q financial report for 2019, the Group has announced.
16 May 2019Sava Insurance Group, 1Q 2019: profit increase due to lower claims expenses and improved cost efficiency
The Sava Insurance Group delivered a net profit of EUR 10.9 million in 1Q2019, accounting for 25.4% of the 2019 planned profit. The annualized RoE was 12.2%. A benign claims development and improved cost efficiency were the main drivers of the profit increase.
16 May 2019Societe Generale sells Slovenia's SKB to OTP
8 May 2019STATISTICS: SLOVENIA, FY2018: market growth driven by UL, health and motor insurance lines
Slovenian insurers ended 2018 with GWP worth EUR 2.34 billion, 7.4% up y-o-y. Unlike in other CEE markets, the Unit-Linked life insurance line had a strong positive contribution to the market growth, which in absolute terms exceeded the motor insurance lines' aggregated input. Health insurance also recorded a significant increase in the GWP volume.
2 May 2019SLOVENIA: ERGO and ALLIANZ sign a Distribution and Service Framework agreement for the ERGO Non-Life unit
ERGO International AG announced that it has signed a Distribution and Service Framework Agreement with ALLIANZ for ERGO Slovenia, which belongs to ERGO Insurance Austria.
30 April 2019Sava Re: 2018 Solvency and Financial Condition Report
Sava Re published on April 2019 its Solvency and Financial Condition Report for 2018. Previous year figures showed an improved combined ratio, an increase in net result of EUR 33 million and a slight decrease in premiums total volume, due to changes in the underwriting strategy.
23 April 2019SLOVENIA: COFACE acquires SID - PKZ
Coface announced on April 15th the acquisition of Slovenian SID - PKZ, one of the insurance market leaders, with a strong position in credit insurance. Coface has acquired all SID - PKZ shares and the business will operate under the new name - Coface PKZ.
17 April 2019Slovenian Court banned the AZN denying approval for the acquisition of shares in SAVA Re by CROATIA Osiguranje
Slovenia's Administrative Court has dismissed the appeal against the ban on the acquisition of shares in the Sava Re's group parent company, Pozavarovalnica SAVA by Croatian leading insurer CROATIA Osiguranje imposed by AZN - the Slovenian insurance supervisory body, the Croatian insurer announced.
11 April 2019SLOVENIA: Sava Re proposes dividend for shareholders
Slovenian Sava Re is going to pay a gross dividend of EUR 0.95 per share, EUR 14.7 million in total, or 34.23% of 2018 net profit of the Sava Re Group, the reinsurer said in an official statement.
11 April 2019Sava Re's FY2018 net profit rises 38% y-o-y 14 March 2019
The Sava Re Group ended 2018 with a net profit of EUR 43 million, delivering a 13.1% return on equity. In 2018, the Group's equity grew by 7.6% to EUR 340.2 million as of December 31, 2018. The Group's net technical provisions stood at EUR 1.1 billion.
14 March 2019SLOVENIA: GRAWE recorded a total profit of EUR 0.7 million in 2018
During the General Meeting of Shareholders, GRAWE zavarovalnica d.d. presented the financial results for 2018. A total profit of EUR 0.7 million was recorded, alongside a total GWP level of EUR 43.3 million, above the expected number due to the increasing number of contracts.
14 March 2019TRIGLAV Group, FY2018: 15% increase in the gross profit and growth in all insurance markets and segments
According to unaudited data, TRIGLAV Group booked EUR 1,068 million in GWP, 7% more y-o-y, and achieved profit before tax of EUR 97.5 million (15% up y-o-y). Premium growth was recorded in all insurance markets and segments, while the Group strengthened its leading position in the region.
7 March 2019Slovenia's Zavarovalnica Triglav erases gains, SBITOP edges down
3 March 2019SAVA finalised the aquisition of the two Croation units of ERGO
Zavarovalnica SAVA, part of Slovenian re/insurance group SAVA Re, announced it has finalised the aquisition of the two Croatian units of the German insurance group ERGO, part of MUNICH Re: ERGO osiguranje and ERGO zivotno osiguranje.
28 February 2019SLOVENIA: Government pushes forward sale of NLB Vita
Slovenia's Government decided to lift some restrictions over Nova Ljubljanska Banka (NLB), the largest bank in Slovenia, to further advance its privatisation process. NLB Vita, the insurance subsidiary of the NLB Group, could be sold entirely.
28 February 2019Adriatic Slovenica d.d.'s Fitch rating upgraded from 'BBB-' to 'BBB+'
Adriatic Slovenica's rating was upgraded following the completion of the acquisition process made by Generali Group over the Slovenian insurer. The decision comes after Adriatic Slovenica's Fitch rating was set to Rating Watch Positive (RWP) in May 2018.
27 February 2019Slovenia plans to lift NLB restrictions to push forth its privatisation
27 February 2019SLOVENIA: GENERALI completes acquisition of Adriatic Slovenica and quadruples the share it holds in the market GWP
Adriatic Slovenica's acquisition by the GENERALI Group has been completed, the Italian group announced on 13 February. By this acquisition the Italian group increases its contribution to the
market GWP about four times, to aprox. 18%.
14 February 2019SLOVENIA: The new insurance distribution law is officially in force since 31 January 2019
The National Assembly has officially transposed the European directive of insurance distribution in the national law at 31 January 2019. This initiative has come in the context where most European countries have already adopted the directive in their own law system.
14 February 2019SLOVENIA: Triglav also raises the premium for additional health insurance
5 February 2019
