Ansary’s attorneys: No evidence of solvency deficit at ENNIA
WILLEMSTAD — “The plaintiffs present circumstances that are incorrect, in violation of the law or otherwise simply made up,” attorneys Karan Doekhi and Mirto Murray said on the second day of the lawsuit the ENNIA Group and the Central Bank of Curacao and St. Maarten (CBCS) have brought against majority shareholder Hushang Ansary and former More...
SABA students thank NAGICO Insurances for Care kits
CAPTION: Saba students extend their gratitude to NAGICO for COVID-19 care packages. THE BOTTOM — Students of the Saba Comprehensive and Sacred Heart Primary School in Saba have expressed a big thank you More...
Minister Ottley’s insurance-plan draws criticism
PHILIPSBURG — The announcement by Minister Omar Ottley (Public Health) that he intends to increase the salary-ceiling for insurance under SZV from 67.816 to 120,000 guilders (from $37,886 to $67,039) per More...
Central Bank shoots down Parman’s objections against the sale of Banco di Caribe
WILLEMSTAD — Ennia Caribe Holding (ECH) is not authorized to sell Banco di Caribe (BdC), its shareholder Parman International said in a press release, but this claim was quickly neutralized by the Central More...
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 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...
