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...
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...
Central Bank counters complaints by Ennia’s supervisory board
PHILIPSBURG – The Central Bank of Curacao and St. Maarten (CBCS) is not happy with a letter Faroe Metry, president of the supervisory board of insurance company Ennia’s operating units, wrote. The Central Bank More...
Ill-prepared
By Hilbert Haar The recently held meeting of the parliamentary finance committee about the situation of insurance company ENNIA and its affiliated entities showed once more how ill-prepared some politicians are More...
Jardim: “We do our utmost to protect ENNIA’s policyholders”
PHILIPSBURG – The Central Bank will “do its utmost” to protect the interests of policyholders at troubled insurance company ENNIA, but there are no guarantees. That is the message members of the parliamentary More...
Parman loses lawsuit: emergency measure at ENNIA remains in place
PHILIPSBURG — “Okay, then you start the emergency regulation.” With those words Hushang Ansary, the 93-year old Persian-American major shareholder of Parman International BV walked out of a meeting with More...
Ennia gets access to Merill Lynch accounts
WILLEMSTAD – Insurance company Ennia will get access to the approximately $124 million held in accounts at Merrill Lynch in New York, United States Bankruptcy Judge Martin Glenn ruled this week. Hushang Ansary, More...
Will Ennia’s policyholders pay the price?
By Hilbert Haar Insurance company Ennia is struggling, to put it mildly. Its management and members of the supervisory board, including major shareholder Hushang Ansary, have been fired and the company is now controlled More...
Ansary frustrates restructuring of insurance company ENNIA
PHILIPSBURG – Hushang Ansary, the 93-year old Persian-American major shareholder of Parman International B.V. is frustrating the restructuring process the Central Bank of Curacao and St. Maarten (CBCS) has More...
MP Brison expressed concerns to Central Bank about ENNIA Group, Mullet Bay & Banking Practices
PHILIPSBURG — At the recent committee of finance meeting on Wednesday August 22nd with the Central Bank, Member of Parliament and USP Faction Leader Rolando Brison had expressed some serious concerns about More...
