The Central Bank of Curaçao and Sint Maarten, supported by the governments of Curaçao and Sint Maarten, announced the relaunch of the ENNIA insurance group, with a new solvent ENNIA Insurance Group commencing operations on January 1 2025. The group is headed by ENNIA Holding N.V. and comprises the newly established ENNIA Leven N.V. alongside ENNIA Caribe Schade N.V. and ENNIA Caribe Zorg N.V., all licensed by the Central Bank of Curaçao and Sint Maarten and De Nederlandsche Bank. The court lifted the emergency regulations for ENNIA Caribe Schade N.V. and ENNIA Caribe Zorg N.V. on January 1 2025, while the legacy ENNIA structure remains under emergency regulation and has been renamed VEHIA N.V. and VELIA N.V. Part of the life insurance portfolio, covering premiums paid on or after July 4 2018, transferred from VELIA to ENNIA Leven together with the assets backing those liabilities, while liabilities accrued before that date remain with VELIA and will be honoured under the Headline Agreement between the governments and the central bank. The Central Bank of Curaçao and Sint Maarten is continuing to pursue recovery of damages from Parman International, Ansary and others.
Central Bank of Sint Maarten & Curacao 2025-01-03
Central Bank of Curaçao and Sint Maarten announces relaunch of ENNIA under new solvent group as emergency measures lifted for two insurers
The Central Bank of Curaçao and Sint Maarten, with government support, relaunched the ENNIA insurance group, now operating as a solvent entity under ENNIA Holding N.V. The court lifted emergency regulations for ENNIA Caribe Schade N.V. and ENNIA Caribe Zorg N.V., while the legacy structure remains under regulation as VEHIA N.V. and VELIA N.V. The Central Bank continues to seek damages from Parman International and others.