Company Profile: Sava Re

Pozavarovalnica Sava (Sava Re) suffered a massive set back when its share of the Slovenian reinsurance market fell by nearly 40% in 1999 due to the loss of business from its main cedant, Triglav Insurance Company. Triglav established its own reinsurance company, Triglav Re, at the end of 1998. But Sava Re (once the only player in the Slovenian reinsurance sector) still remains the dominant player with a 62% share of the market.