WILLEMSTAD, KRALENDIJK, PHILIPSBURG – With the approval of the Framework Agreement by the Central Bank of Curaçao & Sint Maarten (CBCS) and the governments of Curaçao and Sint Maarten, ENNIA is making a fresh start. This agreement facilitates the restructuring of the insurance group. As part of this process, a new entity, ENNIA Leven N.V. (ENNIA Leven New), will become operational on January 1, 2025.
Restructuring and New Structure
At the helm of the new insurance group is the newly established ENNIA Holding N.V. ENNIA Holding N.V. will act as the shareholder of both the newly created ENNIA Leven N.V. (ENNIA Leven New) and the existing companies ENNIA Caribe Schade N.V. and ENNIA Caribe Zorg N.V. (collectively referred to as ENNIA (New)). This new group boasts a sustainable ownership structure and financial setup.
As of January 1, 2025, ENNIA Leven N.V. (ENNIA Leven New), ENNIA Caribe Schade N.V., and ENNIA Caribe Zorg N.V. (ENNIA New) will hold licenses from the CBCS and/or De Nederlandsche Bank (DNB) to conduct insurance activities in Curaçao, Bonaire, Sint Eustatius, Saba (BES), and Sint Maarten.
The entities ENNIA Caribe Holding N.V. and ENNIA Caribe Leven N.V. (the former ENNIA) are not part of the new insurance group. Their names have been changed to VEHIA N.V. and VELIA N.V., respectively.
Information for Life Insurance Policyholders
The restructuring impacts insurance policies as follows:
Policies issued after July 4, 2018, will be fully transferred to ENNIA Leven (New).
Policies issued before July 4, 2018, will be split. The portion accrued before this date will remain with VELIA (formerly ENNIA Caribe Leven N.V.).
Information for Non-Life and Health Policyholders
Policies issued by ENNIA Caribe Schade N.V. and ENNIA Caribe Zorg N.V. will remain unchanged.