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World Insurance Report

Sava Re launches IPO to fund further expansion plans

The reinsurer has diversified into direct insurance • European property cat reinsurance rates to record renewal falls, Aon

The Slovenian reinsurer Sava Re (Pozavarovalnica Sava) is about to be floated on the Ljubljana Stock Exchange. Hitherto owner of 99.9% of Sava, the Slovenia Restitution Fund (Slovenska Odskodninska Druzba, SOD) will offer 25% of the reinsurer’s shares to the general public, and 50% to institutional investors. It is hoped that Sava could increase its capital by some 60% as a result of this initial public offering (IPO).

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