Reinsurance News
Sava Re
Sava Re’s GPW up 13.5% to €91.4m in H1’25
22nd August 2025
Slovenian-domiciled reinsurer Sava Re reported gross written premiums (GWP) of €91.4 million for the first half of 2025, representing a 13.5% increase compared to €80.5 million a year earlier. The company attributed the premium increase to seizing new opportunities in foreign markets and strengthening its participation in existing contracts. The insurance result ... Read the full article
S&P Global raises Sava Re group’s ratings to ‘A+’ following Slovenia’s sovereign upgrade
23rd June 2025
S&P Global Ratings, a credit rating agency known for assessing credit risk and financial strength across markets, upgraded Sava Re Group and its core subsidiary Zavarovalnica Sava from 'A' to 'A+' on both their long-term issuer credit and financial strength ratings. The move follows S&P Global’s earlier decision on June 6, ... Read the full article
ASR announces Binding Authority Agreements with Sava Re
24th March 2025
Africa Specialty Risks (ASR) has agreed to Binding Authority Agreements with Slovenian reinsurance group Sava Re, which will provide capacity of up to $10 million in line size per agreement across all core ASR classes. For those unfamiliar, Sava Re is the operating holding company of the Sava Insurance Group and ... Read the full article
Reinsurance growth lifts Sava Re revenue in H1
24th August 2020
Slovenia domiciled reinsurance firm Sava Re has grown its operating revenue by 16.6% over the first half of 2020, due to expansion of its freedom of services (FoS) business and growth in reinsurance business. During H1, the Sava Insurance Group generated almost €314.2 million in operating revenue (51.5% of the original ... Read the full article
Sava Re to take over Slovenian life insurer from NLB & KLB
27th December 2019
Slovenia domiciled reinsurance firm Sava Re has agreed to acquire life insurer NLB Vita from its parent companies, Nova Ljubljanska banka (NLB) and KBC Insurance NV (KBC). Both NLB and KBC will sell their respective stakes in the 50/50 joint venture, which is also based in Slovenia. In doing so, KBC will ... Read the full article
Slovenia’s Sava Re acquires Serbian construction insurer
12th March 2018
Sava Re, a leading Slovenian re/insurer, has announced that it has acquired the majority shareholding in rival insurer Energoprojekt Garant a.d., Begrade for an undisclosed sum. Parent company Energoprojekt Holding a.d., Belgrade offered to sell Slava Re 93% of the shares in its insurance subsidiary, which specialises in construction and liability ... Read the full article
2017 net profit down slightly at Sava Re, but growth expected next year
3rd January 2018
Slovenian domiciled reinsurer Sava Re is anticipating a lower consolidated net profit for 2017 when compared with the previous year, of €31 million (US$36.7mn). Year-on-year, this represents a decline of €1.9 million (US$2.25mn) from the end of 2016, despite the firm's expected gross written premiums (GWP) expected to increase by 3% ... Read the full article
Slovene reinsurer Sava Re reveals ambitious growth-plan
27th November 2017
One of Southeast Europe's largest insurance groups, Sava Re, has revealed ambitious plans to strengthen its position in the Western Balkan markets and expand internationally while transforming its internal processes with digitalisation throughout 2017-2019. The carrier said it would increase its allocation to investment property and infrastructure projects in the near-term ... Read the full article
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