Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  LJUBLJANA STOCK EXCHANGE, INC.  >  Pozavarovalnica Sava dd    POSR   SI0021110513

SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Sava Re dd : Sava Re remains on S&P's negative watch list

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/18/2013 | 10:24am CEST

Monday, 18/03/2013

Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and the Financial Instruments Market Act, Sava Reinsurance Company d.d., Ljubljana, Dunajska 56, 1000 Ljubljana hereby announces the following:

The rating agency Standard and Poor's (S&P) put Sava Re on its negative watch list (BBB+) in December 2012. This was due to the acquisition of 50.99 percent in Zavarovalnica Maribor (ZM). According to S&P, Sava Re could benefit significantly from this transaction, which, however, carries an execution risk.

After its regular periodic review, S&P decided to keep Sava Reon its negative watch list (CreditWatch with negative implications). In the next three months, it intends to resolve the CreditWatch placement of the reinsurance company. By then, it anticipates that Sava Re will have executed the capital increase, which will give S&P a clearer understanding of Sava Re's ability to acquire the remaining shares in ZM from Slovenska odškodninska družba (SOD). S&P could lower Sava Re's rating by one notch if the capital increase is only partially successful or unsuccessful or if ZM's integration weakens the company's consolidated capital adequacy.

This announcement will be available on the Company's website www.sava-re.si, at least five years from the date of the announcement.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on POZAVAROVALNICA SAVA DD
07/29 POZAVAROVALNICA SAVA DD : Announcement of Notice of 31st General Meeting of Shar..
07/29 POZAVAROVALNICA SAVA DD : Announcement of Notice of 31st General Meeting of Shar..
07/04 POZAVAROVALNICA SAVA DD : S&P Affirms "A-" Ratings on Sava Reinsurance Company; ..
06/22 POZAVAROVALNICA SAVA DD : Capital Adequacy of the Sava Re Group
06/21 POZAVAROVALNICA SAVA DD : Statement of the Supervisory Board of Pozavarovalnica ..
06/03 POZAVAROVALNICA SAVA DD : Announcement of a change in a major holding
05/23 POZAVAROVALNICA SAVA DD : Cancellation of General Meeting
05/18 POZAVAROVALNICA SAVA DD : Explanations to the Questions of the Shareholder Slove..
05/16 POZAVAROVALNICA SAVA DD : Change in Number of Shares With Voting Rights
05/13 POZAVAROVALNICA SAVA DD : Cross-border Merger Plan and Merger Contract Signed
More news
Sector news : Reinsurance - NEC
07/29DJSWISS RE : Profit Hurt by Disaster Claims, Weak Investment Returns -- Update
07/29DJSWISS RE : Profit Dented by Disaster Claims, Weak Investment Returns
07/26DJChubb's Operating Earnings Soar
07/26DJChubb Operating Earnings Soar
06/29DJALPHABET : Appoints Former Fed Vice-Chairman to Board
More sector news : Reinsurance - NEC
Advertisement
Financials (€)
Sales 2016 487 M
EBIT 2016 -
Net income 2016 -
Debt 2016 -
Yield 2016 5,57%
P/E ratio 2016 -
P/E ratio 2017
Capi. / Sales 2016 0,51x
Capi. / Sales 2017 0,49x
Capitalization 247 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 16,6 €
Spread / Average Target 16%
Consensus details
Managers
NameTitle
Zvonko Ivanušic Chairman-Management Board
Branko Tomažic Chairman-Supervisory Board
Hermina Kastelec Executive Director-Finance
Robert Sraka Executive Director-IT & Processes
Mateja Lovšin Heric Deputy Chairman-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
POZAVAROVALNICA SAVA D..276
SWISS RE AG-15.84%29 868
MUENCHENER RUECKVERSIC..-19.45%26 853
HANNOVER RUECK SE-13.96%12 334
EVEREST RE GROUP LTD3.23%8 003
REINSURANCE GROUP OF A..16.01%6 359
More Results