Search Results for: ennia
Analysis: Central Bank intervened much too late at ENNIA
WILLEMSTAD — The management of ENNIA has mismanaged the insurance company and might even have committed criminal acts, econometrists Servaas Houben and Ronald Ketellapper state in an analysis published by More...
Why should the Sint Maarten and Curaçao people CARE about and pay CLOSE(R) attention to the Ennia Saga?
Dear Editor, Firstly, it’s important to note that the underlying management, supervision, and governance issues are not unique to ENNIA. Curaçao is in dire need of a public financial injection for the Curacao More...
Curacao’s position on Ennia could cost St. Maarten a lot of money
THE HAGUE — If Curacao continues to object to the rescue plan for Ennia’s pension fund it could have dire consequences for St. Maarten, DossierKoninkrijksrelaties.nl reports. If Curacao does not cooperate, More...
Appeals court holds Ansary liable for Ennia debacle
WILLEMSTAD — The Common Court of Justice ruled on Tuesday that insurance company Ennia is entitled to at least 153.8 million guilders ($85.9 million) in damages, caused by its major shareholder Hushang Ansary More...
Pro Soualiga: Dutch State Offside on Three Fronts with Ennia Ordeal
Dear Editor, In June of 2023, State Secretary Van Huffelen stated that the Governments of Curacao and St. Maarten would have to find solutions to salvage Ennia. Shortly thereafter, Pro Soualiga kindly requested More...
Rethinking the ENNIA Bailout: Say NO to the Loan
I firmly believe that when it comes to the bailout of ENNIA by the Dutch government, the involvement of St. Maarten and Curacao should not be a part of the equation. The responsibility for overseeing and supervising More...
CFT warns that ENNIA-loan poses risk for Curacao
PHILIPSBURG — If the Netherlands decides to extend a 1.2 billion guilders loan to St. Maarten and Curacao to save insurance company ENNIA, it will have dire consequences for the future of in particular Curacao. More...
Dutch loan to rescue ENNIA meets with criticism
PHILIPSBURG — If the Dutch parliament agrees, insurance company ENNIA will be saved with a 600 million euro loan from the Netherlands. But not everybody is happy with this solution. The deal is that St. Maarten More...
Van Huffelen puts Ennia-pensioners at ease
PHILIPSBURG – The 30,000 Ennia-clients in St. Maarten and Curacao do not have to worry about their pensions. This appears from the statement State Secretary Alexandra van Huffelen (Kingdom Relations) made More...
Central Bank warns of economic and social catastrophe if Ennia-crisis is not resolved
PHILIPSBURG – “Not finalizing a resolution strategy for Ennia could trigger a run-off of international reserves and cause a deep economic and social crisis,” the Central Bank of Curacao and St Maarten More...
