Pozavarovalnica Sava dd : August Storm Losses Assessed
September 27, 2016 at 08:55 am EDT
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Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and applicable legislation, Sava Re, d.d., Ljubljana announces the following:
In mid-August, the northeastern and central part of Slovenia were hit by a storm with strong winds, heavy rainfall and hail. In the northeastern and central regions of Slovenia, a lot of damage to residential, commercial and industrial properties as well as to cars was reported. Insured losses assessed by the Sava Re Group with respect to this event are currently close to € 6 million. However, a loss event of this size had already been factored into the Sava Re planned figures for the year-end.
This announcement will be available on the Company's website at www.sava-re.si, at least five years from the date of the announcement.
Pozavarovalnica Sava d.d. published this content on 27 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 September 2016 12:55:06 UTC.
Original documenthttp://www.sava-re.si/en/media-centre/news/1456/august-storm-losses-assessed/
Public permalinkhttp://www.publicnow.com/view/A3F36787AC5425C676689531D280041784D19154
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. 
