WILLEMSTAD/PHILIPSBURG:— On July 4 and 6, 2018, at the request of the Centrale Bank van Curaçao en Sint Maarten (CBCS), an emergency measure was issued in respect of several
companies of the ENNIA Group (ENNIA). The aim of the emergency measure is to achieve a restructuring of ENNIA in order to restore its solvency—this also in view of
ENNIA’s long-term obligations to its policyholders. The following is an update on the steps that have been taken in that regard.
Immediately after the emergency measure came into force, the CBCS, together with
ENNIA, identified all possible solutions to the solvency deficit, also carrying out a