United Group buys Banco di Caribe
PHILIPSBURG — Banco di Caribe has been sold to the Curacao-based United Group Holdings for an undisclosed amount of cash, the Central Bank of Curacao and St. Maarten (CBCS) announced in a press release. The Central Bank of Aruba was quick to react with a press release of its own, claiming that obtaining a direct or indirect interest in Banco More...
NAGICO Insurances has launched a project to help promote safety awareness in school
PHILIPSBURG — Given the emergence of the highly transmissible COVID-19 Delta variant, NAGICO Insurances has launched a project to help promote safety awareness in schools. The awareness campaign will see More...
Hong Kong-based re-insurer Peak Re acquires complete ownership of NAGICO
PHILIPSBURG — Insurance Company Nagico will become 100 percent subsidiary of Peak Re (Peak Reinsurance Company), pending regulatory approval, NAGICO said in a press statement. Peak Re is a Hong Kong-based More...
NAGICO urges preparation as NOAA warns of active hurricane season
PHILIPSBURG — The Atlantic Hurricane Season starts June 1st and NAGICO Insurances is urging everyone to get ready for what has already been forecasted by NOAA’s Climate Prediction Center (CPC), to be ‘a More...
NAGICO Holdings announces changes to its Board of Directors
PHILIPSBURG — NAGICO Holdings Limited today announced that it has appointed Mr. Marlon Matser as Chairman, succeeding Mr. Imran Amjad who served as Chairman since January 2014 and will remain on the Board. More...
Hibernators may be excluded from compulsory Covid insurance
PHILIPSBURG — Many foreign condo owners and renters on St. Maarten have doubts about hibernating on the island this year. The cost of mandatory COVID-19 insurance can run up to several thousand dollars for More...
NAGICO donates Hand Sanitizing and Temperature Check stations to all Public Schools and school supplies for Public School students
~ NAGICO donates Hand Sanitizing and Temperature Check stations to all Public Schools and school supplies for Public School students ~ PHILIPSBURG, SINT MAARTEN – In preparation for the reopening of Schools More...
The ENNIA-saga: How Ansary fought the Central Bank every step of the way
PHILIPSBURG – After ignoring instructions from the Central Bank of Curacao and St. Maarten for years, the court in Curacao placed insurance company ENNIA under the rules of the emergency measure in July 2018. More...
Former Minister Gibson among recipients of excessive payments from ENNIA
PHILIPSBURG – The petition attorneys Karina Keizer and Sabine Altena submitted to the court in Curacao on behalf of insurance company ENNIA alleges that three St. Maarteners benefited excessively from questionable More...
NAGICO Insurances head offices to reopen on Monday
PHILIPSBURG – The Management of NAGICO Insurances advises the general public in a press release issued on Friday, October 2, 2020, that the company intends to reopen its head offices on the Cannegieterstreet More...
