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Insurance Watchdog to Discuss Further Steps in Triglav Affair Next Week

Ljubljana, 19 August - As the supervisory board of the insurer Zavarovalnica Triglav failed to dismiss chief executive Nada Klemencic and CFO Joze Obersnel in the deadline set by the Agency for Insurance Supervision, the agency will discuss what steps to take next at a session on 28 August, the insurance watchdog said Monday. According to law, the agency can either revoke Triglav's operating license, withdraw the license provisionally, or appoint a compulsory administration.

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