PHILIPSBURG–The Central Bank for Curaçao and St. Maarten (CBCS) said on Thursday that incorrect reporting on the Ennia saga has resulted in unnecessary damage to the reputation of the company and creates “social unrest.”
In a press release on Thursday, CBCS said since the Court of First Instance of Curaçao placed several entities of the Ennia group under an “emergency measure” at the request of CBCS, there has been media reports about a drastic decline in the number of policies at Ennia.
“Since the emergency measure is in effect, the CBCS closely oversees the developments at Ennia, which implies that Ennia’s business operations are being monitored on a daily basis,” CBCS said in a press release on Thursday. “The CBCS herewith informs that a drastic decline in the number of policies is by no means the case,” it was stated in the release.
Since the emergency measure was put in place, less than 0.13% of Ennia’s policies have been annulled, which is a normal quantity, given that policies elapse (expire) on a daily basis.
“The CBCS regrets the unfounded and tendentious reporting on ENNIA by certain local newspapers, which causes unjustified damage to the company’s reputation with all the associated consequences for Ennia.”
With the emergency measure in effect, CBCS will primarily focus on the restructuring of Ennia to safeguard the interests of policy holders. CBCS emphasized that purposely false media reporting promotes unnecessary social unrest that can hinder the restructuring process.
A press conference on the current situation regarding the emergency measure, which is proceeding according to plan, will be held by the CBCS soon.
Customers who have questions about their policies in relation to the emergency measure can address their questions by sending an email to: email@example.com.