This deal is in line with Sava Osiguranje's strategy for further growth on the Croatian market, David Kastelic, chairman of the board of Sava Osiguranje, said in a company statement.
In April Sava Re announced it had reached an agreement to buy the two insurers. The price tag remained undisclosed.
Sava Osiguranje has over 50 sale points across Croatia. It employs 357 people and has more than 218,000 clients.