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 a couple, while that extra coverage is unnecessary for the already well-insured visitors. This issue is one of the reasons why COVID insurance 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...
The ENNIA-saga and the crucial role of Mullet Bay
PHILIPSBURG – When Hurricane Luis hit St. Maarten in 1995 its flagship resort Mullet Bay was destroyed. Owner Sun Resorts and its controlling shareholder Hushang Ansary did not do anything with the property in More...
NAGICO Insurances informs the public of a COVID-19 positive case in its business
~ Explains Business Continuity Procedures ~ PHILIPSBURG — The Management of NAGICO Insurances advised the general public in a press released issued on Thursday, October 1, 2020, that they have received notice More...
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 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 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...
