Search Results for: ennia
Follow-Up Steps in ENNIA Resolution
WILLEMSTAD/PHILIPSBURG – The Centrale Bank van Curaçao en Sint Maarten (CBCS), in close cooperation with the Governments of Curaçao and Sint Maarten and with the aim of safeguarding the interests of policyholders More...
Approval of Ennia-solution does not make everybody happy
By Hilbert Haar PHILIPSBURG — The parliament of St. Maarten approved the solution for the Ennia group of companies in October but not everybody is happy with the decision. Five parliamentarians voted against More...
Finance Minister Sees Irony in Curacao Parliament’s Unanimous Approval of ENNIA Outline Agreement with Addendum, while 5 MPs in St. Maarten voted against it
GREAT BAY, St. Maarten (October 9, 2024)—Former Minister of Finance and current MP Ardwell Irion (NA) voted against the ENNIA Outline Agreement on October 8, 2024, alleging that he was “uncertain” over whether More...
Can the Government Guarantee ENNIA Pension Fund Recovery?
~ And what are the implications of moral hazard? ~ By Terrance Rey The question of whether the government can guarantee the recovery of the ENNIA pension fund is a critical one, especially for the policyholders More...
Solution or no solution: what does it mean for the ENNIA policyholders in St. Maarten?
PHILIPSBURG — Finance Minister Marinka Gumbs made clear during a meeting of Parliament in June that the Outline Agreement as a solution for troubled insurance company ENNIA is not the best solution for St. More...
CBCS sounds the alarm over lack of parliamentary approval for ENNIA-solution
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) wants to finalize the restructuring of troubled insurance company ENNIA by December 1 of this year but it is unable to do so without approval More...
Parliament hesitant about approving Ennia-solution
PHILIPSBURG — It is not at all certain that the parliament will approve the proposal to save Ennia from bankruptcy and thus protecting the interest of its policy holders. Finance Minister Marinka Gumbs More...
Finance Minister Gumbs criticizes Ennia-solution
PHILIPSBURG — Finance Minister Marinka Gumbs is highly critical of the proposed solution to keep insurance company Ennia out of bankruptcy. The Netherlands has made the interest rate St. Maarten has to pay More...
Central Bank reaches agreement to protect Ennia pensions
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) has reached an agreement with the governments of Curacao and St. Maarten whereby there is no need for cuts in the pensions of Ennia policy More...
Investigative journalism consortium dives into the ENNIA-saga
PHILIPSBURG — The International Consortium of Investigative Journalists (ICIJ) has published an article about the dispute between ENNIA’s majority shareholder Hushang Ansary and the Central Bank of Curacao More...
