Governance and management of subsidiaries
The fundamental principles and management regulation of Zavarovalnica Triglav's subsidiaries are set out in the Subsidiary Governance Policy, Rules of the Subsidiary Governance Committee and Rules for Employees Working Abroad. The governance and supervision of subsidiaries is actively run by all business divisions of the parent company, which act as the pillars of standardisation and harmonisation of the operations in subsidiaries with the standards of Zavarovalnica Triglav. The goal is the unification of minimum standards throughout the Triglav Group.
In accordance with the Triglav Group Strategy 2011 and upon given approval, ownership shares in Triglav Group subsidiaries based outside of Slovenia were transferred to the subsidiary Triglav INT d.d. The implementation of the Strategy in 2011 in terms of the Triglav Group governance was successful on all levels. The introduction of unified IT support in subsidiaries has surpassed expectations. Moreover, the Group centralised the long-term investment management of subsidiaries and launched new unified IT support for consolidation purposes. In the process of rebranding, subsidiary names were unified, which will enhance the brand visibility of the Triglav Group and reinforce its joint presence in the region. In 2011, the first generation of the Triglav International Business Academy concluded their professional training.
In 2011, cooperation with a potential strategic partner, the International Finance Corporation, a member of the World Bank Group (hereinafter: IFC), was negotiated. On 3 June 2011, Zavarovalnica Triglav and IFC signed an Equity Appraisal Letter and a Confidentiality Agreement. On that basis, IFC carried out a due diligence of operations in the Triglav Group insurance companies based outside of Slovenia as a precondition for its participation in the equity of Triglav INT. In this way, the Group plans to raise fresh capital for further growth as well as exploit synergies between the Triglav Group and IFC.
The composition of management and governance bodies as at 31 December 2011
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Subsidiary |
Management |
Supervisory function |
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Slovenia |
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Pozavarovalnica Triglav Re d.d., Ljubljana |
Gojko Kavčič - President Gregor Stražar Tomaž Rotar |
Supervisory Board: Andrej Slapar – Chairman, Aleksandra Vukovič Kačar Nadja Pivk |
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Triglav Zdravstvena zavarovalnica d.d., Koper
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Meta Berk Skok – President Simon Vidmar
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Supervisory Board: Boštjan Vovk - Chairman Tadej Čoroli Tomaž Krevatin |
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Triglav Skladi, družba za upravljanje d.o.o., Ljubljana |
Igor Kušar - President Samo Javornik Miloš Čas |
Supervisory Board: Igor Stebernak - Chairman Uroš Ivanc Boštjan Vovk |
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Triglav Naložbe, finančna družba d.d., Ljubljana |
Stojan Nikolič Kristina Rovšek |
Supervisory Board: Aleksandra Vukovič Kačar - Chairwoman Simona Kozjek Tomaž Žust |
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TRI - PRO d.o.o., Domžale |
Edvard Kranjčič - Director Tadej Čoroli – Authorised Officer |
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Triglav INT, holdinška družba d.d., Ljubljana |
Tina Cvar – Executive Director Management Board: Matjaž Rakovec - President Igor Stebernak Andrej Slapar Boštjan Vovk |
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AS Triglav-servis in trgovina d.o.o., Ljubljana |
Edvard Zabukovnik - Director Boris Kuhelj - Director |
Supervisory Board: Stanislav Vrtunski - Chairman Blaž Jakič Iztok Šekoranja |
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Triglav nepremičnine, upravljanje in svetovanje d.d., Ljubljana |
Rok Pivk - President of the Ana Stradar Iglič |
Supervisory Board: Dejan Jasnić - Chairman Mirjana Koporčić Veljić |
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Slovenijales d.d., Ljubljana |
Blaž Jakič – General Manager |
Supervisory Board: Uroš Ivanc - Chairman Aleksandra Vukovič Kačar Janka Planinc Dušan Mežnar Marko Pahor |
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Gradis IPGI d.d., Ljubljana |
Aleš Vahčič - Director Robert Špehar – Authorised Officer |
Supervisory Board: Miha Grilec - Chairman Rok Pivk Kristina Rovšek |
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Hotel Grad Podvin d.d., Radovljica |
Jaka Binter - Director |
Supervisory Board: Mateja Živec - Chairwoman Ana Stradar Iglič |
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Croatia |
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Triglav Osiguranje d.d., Zagreb
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Marin Matijaca - President Vanja Nadali Igor Bratina
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Supervisory Board: Boštjan Vovk - Chairman Jože Obersnel Tomaž Žust Stanislav Vrtunski Željko Duralija |
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Czech Republic |
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Triglav Pojišt'ovna a.s., Brno
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Petr Bany - General Manager Petr Mikulenka
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Supervisory Board: Andrej Slapar - Chairman Jože Obersnel Šarka Vodičkova |
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Montenegro |
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Lovćen Osiguranje a.d., Podgorica
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Radenko Purić - CEO
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Board of Directors: Matjaž Rakovec - Chairman Boštjan Vovk Uroš Ivanc |
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Bosnia and Herzegovina |
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Triglav Osiguranje d.d., Sarajevo |
Edib Galijatović – President of the Management Board Edin Muftić |
Supervisory Board: Matjaž Rakovec - Chairman Andrej Slapar Bakir Pilav |
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Triglav Osiguranje a.d., Banja Luka |
Matej Žlajpah - Director |
Management Board: Andrej Knap - President Jože Obersnel Zoran Nikolić |
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Serbia |
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Triglav Osiguranje a.d.o., Belgrade
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Predrag Bobera - General Manager Ian Harrocks – Authorised Officer Management Board: Igor Stebernak - President Boštjan Vovk Jože Obersnel |
Supervisory Board: Uroš Ivanc - Chairman Rudi Lipovec Drago Ljubojević |
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Triglav penzijski fondovi a.d., Belgrade |
dr. Vojko Saksida - Director
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Management Board: Miroslav Matijaševič – President Predrag Bobera Miloš Čas |
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FYR Macedonia |
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Triglav Osiguruvanje a.d., Skopje
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Trajče Latinovski – General
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Board of Directors: Igor Stebernak - Chairman Aleksandra Vukovič Kačar Andrej Slapar Uroš Ivanc |