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Slovenia s Sava Insurance Group says S&P affirms A rating
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Slovenia s Sava Insurance Group H1 net profit rises 35 1% y/y
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Slovenian legal move could affect hundreds of Irish pubs Sava Insurance Group has refused to accept as a test case legal proceedings taken against it by Galway publican Brian Winters 6th June, 2021
Brian Winters, the owner of Charlie’s Bar in Loughrea, Co Galway, launched legal proceedings against Sava Insurance Group after it declined cover for losses arising from the pandemic. Picture: Fergal Phillips
A Slovenian insurer has abandoned plans to accept legal proceedings taken against it by a Galway publican as a test case, in a move that could have serious consequences for hundreds of pubs across the country.
Slovenia s Sava Insurance Group 2020 cons net profit rises 12.3% Photo: Slovenia s Sava Re
LJUBLJANA (Slovenia), April 9 (SeeNews) - Slovenian reinsurer Sava Re [LJE:POSR] said on Friday that the consolidated net profit of the Sava Insurance Group rose by 12.3% to 56.4 million euro ($67.1 million) in 2020.
“The increase was mainly driven by good results in non-life insurance and life insurance in Slovenia, but partly offset by challenging claims experience in international reinsurance markets,” Sava Re, the ultimate parent company of the Sava Insurance Group, said in a filing with the Ljubljana Stock Exchange.
The group s consolidated gross written premiums rose 7.4% to 546.2 million euro in 2020, while its operating revenue increased 15.5% to 674.9 million euro, the statement reads.
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