Back

19 December 2019

Sava Re appoints Peter Skvarča as new member of management board

Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable legislation, Sava Re d.d., Ljubljana, announces the following:

At its meeting of 19 December 2019, the supervisory board of Sava Re d.d. received the statement of Srečko Čebron on his early termination of tenure on the Sava Re management board and accepted his proposal for the consensual termination of his employment contract as a management board member as of 31 May 2020. 

At the same meeting, the supervisory board unanimously supported the proposal of Chairman of the Management Board Marko Jazbec and appointed Peter Skvarča, who comes from within the ranks of the Sava Insurance Group, as a new member of the management board.

Peter Skvarča, who will be responsible for reinsurance operations after the retirement of Srečko Čebron, has been appointed for a five-year term, beginning on the next business day following the receipt of the Insurance Supervision Agency’s decision to issue a licence to Peter Skvarča to act as a member of the management board. 

Peter Skvarča, brief biography

After graduating in international relations from the University of Ljubljana’s Faculty of Social Sciences in 1998, Peter Skvarča started his career as a specialist and then as an adviser at the Slovenian Ministry of the Economy. He continued his education at the University of Limerick, Ireland (receiving a master’s degree in European integration). He started working at the Slovenian embassy in North Macedonia as an economic advisor in 2004. In this role he successfully advanced the national and business interests of Slovenian companies. In 2007, he joined the Sava Insurance Group and served as CEO of the Group’s North Macedonian insurer Sava Osiguruvanje from 2011 to 2018. During his tenure, the leadership of the North Macedonian insurer managed to turn around the company’s business performance, reduce its risk exposure, restore confidence in the brand and strengthen the company as a trustworthy partner. Today, Sava Osiguruvanje clearly ranks among the most prominent, most modern and best-performing insurance companies in the North Macedonian market. 

Mateja Lovšin Herič, chair of the Sava Re supervisory board: “The supervisory board is convinced that the management board in the envisioned new composition, with its know-how, experience, skills and goal focus, will continue to deliver on the planned strategy of the Company and the Sava Insurance Group.”

Mateja Lovšin Herič, chair of the supervisory board, and Marko Jazbec, chairman of the management board of Sava Re: “The supervisory and management boards sincerely thank Srečko Čebron for his many years of service on the Company’s management board, and for his dedication, high level of expertise and enormous contribution to the development of the reinsurance business, also wishing him well with his new challenges.”