WILLEMSTAD - Assuria, a renowned insurance provider with a wide presence in the Caribbean, celebrated its official launch and strategic acquisition of the Sagicor client portfolio in Curaçao. The former Sagicor office will soon be rebranded and officially become Assuria’s office in Curaçao, symbolizing a significant new chapter in the group’s expansion.
This milestone was celebrated with an official launch event at the Dreams Hotel & Casino with over 200 invitees and Minister Silvania in attendance. A large delegation, including Assuria's Group board of directors and key personnel from across the Caribbean, flew in to witness and participate in this significant event.
"Yesterday, we not only launched Assuria in Curaçao but also celebrated a significant expansion of our investments with the acquisition of Sagicor Curaçao portfolio. This move unites Assuria's 130-year legacy of trust, innovation, and community service with Sagicor’s established local presence," stated Mario Merhai, CEO of Assuria Group. "We are thrilled to enhance our service offerings in Curaçao, ensuring financial security and well-being for our community," added Elsirha Isenia-Scope, Managing Director of Assuria Curaçao.
Last week, the Central Bank of Curaçao and Sint Maarten granted final approval for Assuria to acquire the Sagicor portfolio in Curaçao. This approval marks the beginning of a meticulously planned transition period during which Assuria will assume control of Sagicor’s operations in Curaçao. According to Rishie Parbhudayal, COO of Assuria Group: “The transition is expected to span several months and involves a series of complex steps for which the team is ready and well-equipped to undertake. A key focus throughout this period will be maintaining transparent and consistent communication with our employees and policy holders to ensure they are well-informed and supported. At the same time, we will roll out our own suite of products tailored to meet the specific needs of the Curaçao market. Assuria is committed to executing this acquisition smoothly and efficiently to minimize any disruption to the daily operations.”