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Tag archive for ‘ennia’
By The Publisher On Sunday, October 6th, 2024
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Can the Government Guarantee ENNIA Pension Fund Recovery?

~ And what are the implications of moral hazard? ~ By Terrance Rey The question of whether the government can guarantee the recovery of the ENNIA pension fund is a critical one, especially for the policyholders More...

By The Publisher On Thursday, August 8th, 2024
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Solution or no solution: what does it mean for the ENNIA policyholders in St. Maarten?

PHILIPSBURG — Finance Minister Marinka Gumbs made clear during a meeting of Parliament in June that the Outline Agreement as a solution for troubled insurance company ENNIA is not the best solution for St. More...

By The Publisher On Tuesday, August 6th, 2024
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CBCS sounds the alarm over lack of parliamentary approval for ENNIA-solution

PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) wants to finalize the restructuring of troubled insurance company ENNIA by December 1 of this year but it is unable to do so without approval More...

By The Publisher On Saturday, June 29th, 2024
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Finance Minister Gumbs criticizes Ennia-solution

PHILIPSBURG — Finance Minister Marinka Gumbs is highly critical of the proposed solution to keep insurance company Ennia out of bankruptcy. The Netherlands has made the interest rate St. Maarten has to pay More...

By The Publisher On Thursday, June 20th, 2024
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Court appoints appraiser to determine fair value of Mullet Bay

PHILIPSBURG -- The Common Court of Justice will appoint Greg Becker of the Canadian real estate management company Colliers as appraiser for providing an advice about the fair value of Mullet Bay. Collier was established More...

By The Publisher On Wednesday, December 20th, 2023
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Central Bank reaches agreement to protect Ennia pensions

PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) has reached an agreement with the governments of Curacao and St. Maarten whereby there is no need for cuts in the pensions of Ennia policy More...

By The Publisher On Tuesday, November 21st, 2023
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Investigative journalism consortium dives into the ENNIA-saga

PHILIPSBURG — The International Consortium of Investigative Journalists (ICIJ) has published an article about the dispute between ENNIA’s majority shareholder Hushang Ansary and the Central Bank of Curacao More...

By The Publisher On Monday, November 6th, 2023
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Appeals court blocks Ennia’s attempt to get a judgment from the Supreme Court

WILLEMSTAD — The Common Court of Justice has denied Ennia’s request to have the Supreme Court  render judgment on the court’s interim ruling in the dispute between the insurance company and its majority More...

By The Publisher On Thursday, October 26th, 2023
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Call for keeping Ennia-expert Grimm on board

WILLEMSTAD – Ennia’s Chief Executive Officer Lesley Ann Harms-Brodie has urged Central Bank President Richard Doornbosch and Minister of Finance Javier Silvania to keep Elisabeth Grimm on board for the More...

By The Publisher On Tuesday, October 24th, 2023
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Ennia wants to take the Ansary-dispute to the Supreme Court

WILLEMSTAD — Ennia and its supervisor CBCS want a ruling from the Supreme Court in The Hague about the dispute with Ennia’s majority shareholder Hushang Ansary and others, the Antilliaans Dagblad reports. In More...