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Sava Re plans to merge four subsidiaries into one

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Slovenian insurer and reinsurer Sava Re Group is looking to merge its two domestic and two Croatian subsidiaries into one entity, reported SeeNews.

Sava Re will merge its 100%-owned domestic insurers Zavarovalnica Maribor d.d. and Zavarovalnica Tilia d.d. under the plan. Zavarovalnica Maribor will also take over Croatian insurers Velebit osiguranje and Velebit zivotno osiguranje, Sava Re said. The merged insurer Zavarovalnica Maribor will then operate from its branch office in Croatia, which it set up in May.

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