Central Bank response to recent media coverage of ENNIA
Willemstad/Philipsburg – Following recent media coverage, the Centrale Bank van Curaçao en Sint Maarten (CBCS) reports as follows. In early July 2018, at the request of the CBCS, the Court of First Instance in Curaçao issued an emergency measure with respect to, among others, ENNIA Caribe Leven N.V., ENNIA Caribe Schade N.V. and ENNIA Caribe More...
The ENNIA-debacle: How Ansary ignored all red flags
PHILIPSBURG - It took until July 4, 2018, before the court in Curacao imposed an emergency measure on insurance company ENNIA. In doing so, the court put managers and directors of ENNIA on ice and transferred the More...
ENNIA and the theft of the century: these are the key players
PHILIPSBURG – Hushang Ansary is not the only one facing a lawsuit initiated by insurance company ENNIA; other defendants in this case include his daughter Nina, his holding Parman International and three others More...
Challenges facing the new CBCS President
by Emsley D. Tromp I am writing this note risking stepping on toes. However, the only way to avoid stepping on toes is to stand still. Standing still will come at greater cost to the reputation and the credibility More...
NAGICO Branch Office to reopen on Wednesday following Government’s announcement of Reopening Plan
PHILIPSBURG — NAGICO Insurances will reopen to the public as of Wednesday; May 13, following the announcement by the Prime Minister and Head of EOC, Silveria Jacobs on Sunday, of government’s plan to More...
NAGICO donates PPE Gear to the Police & Justice Department
GREAT BAY—- NAGICO Insurances made a donation of Personal Protective Equipment (PPE) yesterday to the Justice Department as we continue to battle the Coronavirus pandemic. The equipment provided included More...
NAGICO encourages clients to use their online services
GREAT BAY — Given the rapid spread of the Coronavirus Covid-19 in our region, the health and safety of the population is of paramount importance. With this in mind, NAGICO Insurances is encouraging our clients More...
Ansary to court on March 30
WILLEMSTAD – The Court in First Instance in Curacao will handle the liability procedure against insurance company ENNIA’s major shareholder Hushang Ansary and other former managers on March 30, the Antilliaans More...
Bank Fees should be justified and approved by Parliament
The Sint Maarten Insurance Brokers Association is calling on the 15 newly elected members of parliament to go to work soonest and focus on some key issues relating to the financial sector. Besides our own experiences, More...
Central Bank spends millions on effort to rescue ENNIA
PHILIPSBURG/WILLEMSTAD – The court in Curacao has increased the advance payment to the Central Bank for expenditures related to the restructuring of insurance company Ennia to 15 million guilders, the Antilliaans More...
