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Slovenian regulator approves Pozavarovalnica Sava's merger plans

The Slovenian Insurance Supervision Agency approved themerger of Zavarovalnica Tiliadd and Croatia's Velebit Osiguranje dd and intoZavarovalnica Maribordd.

The insurers' parent company, , said Sept. 23that the regulatory approval will allow for the formal to be completed at the beginningof November, as per the integration schedule.

The merged company will operate as Zavarovalnica Sava, witha five-member management board chaired by David Kastelic.