Pozavarovalnica Sava dd : A.M. Best Affirms A- Ratings of Sava Re – Outlook Stable
November 02, 2017 at 11:06 am EDT
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Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and the Market in Financial Instruments Act, Sava Re, d.d., Dunajska 56, Ljubljana hereby announces the following:
Following its regular annual rating review, rating agency A.M. Best affirmed the financial strength rating on Sava Re, the operating holding company of the Sava Re Group, of A- (Excellent) and the issuer credit rating of a- (Excellent), both with a stable outlook.
The agency states in its release that the affirmed ratings reflected its very strong balance sheet and risk-based capitalisation. The strong balance sheet reflects excellent internal capital generation in the Group, a diversified and conservative investment portfolio, prudent reserving and access to capital markets.
The Agency is expecting a modest premium growth for 2017 in view of the challenging macroeconomic conditions in Slovenia, which are currently improving, and very competitive international reinsurance market.
A.M. Best estimates that Sava Re's risk management was appropriate as its risk management capability was aligned with its risk profile, consisting mainly of short-tail business, and was supported by conservative reserving.
Pozavarovalnica Sava d.d. published this content on 02 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 November 2017 15:05:12 UTC.
Original documenthttp://www.sava-re.si/en/media-centre/news/1585/a-m-best-affirms-a-ratings-of-sava-re-outlook-stable/
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Pozavarovalnica Sava dd (or Sava Reinsurance Plc), also known as Sava Re dd, is a Slovenia-based reinsurance undertaking. It operates as a parent company of Sava Re Group, which comprises direct insurance and pension undertakings. The Companyâs activities are divided into four segments: Reinsurance operations, Non-life insurance operations, Life insurance operations and Other business segment. The Reinsurance operations segment comprises treaty and facultative arrangements for intra-group clients and insurance and reinsurance partners worldwide. The Non-life insurance operations segment supports local markets with non-life insurance products and customer oriented services. The Life insurance operations segment is focused on life protection and saving products, including pension schemes. The Other business segment comprises operations of the Companyâs non-insurance subsidiaries. Sava Re Group operates through subsidiaries in Slovenia, Croatia, Serbia, Macedonia, Montenegro and Kosovo.
POZAVAROVALNICA SAVA, D.D. 
