Jost Dolnicar was named as chairman of the management board of Pozavarovalnica Sava dd on an interim basis after former Chairman Zvonko Ivanusic was recalled from his position by the company's supervisory board. Pozavarovalnica Sava dd's supervisory board named Jost Dolnicar as interim chairman of the management board, effective August 23. Sava's supervisory board chairman, Branko Tomazic, was recently reported to have attempted to remove Ivanusic from his post because of corporate governance irregularities related to the purchase of an office building carried out by the management board. Slovenia's Insurance Supervision Agency, meanwhile, has told Sava that Tomazic is unfit to serve as a supervisory board member, reportedly because he is subject to bankruptcy proceedings. Sava noted that its supervisory board will immediately begin a search for a new management board chairman. The management board will comprise three members with effect from August 23.
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. 
