Today, the High Court of Ireland delivered its judgment in the case concerning Sava Re – in favor of the company. The Court’s judgment means that Pozavarovalnica Sava is not liable for losses to policyholders arising during the Covid-19 period.

According to the ruling of the High Court of Ireland, Sava Re’s policy for business interruption and loss of license does not provide cover for the losses arising from the Covid-19 pandemic. This would mean that Sava is not liable to pay for losses to policyholders that have this kind of policy, during the covid-19 period.

The parties in question will review the judgment and Zavarovalnica Sava will provide an update to the impacted policyholders in the upcoming weeks. To read more click here.