Dutch politicians want clarity about Ennia Insurances

POSTED: 06/15/16 7:08 PM

THE HAGUE – Politicians in The Hague demand clarity about the situation at insurance company Ennia and the role of the Central Bank of Curacao and St. Maarten and the Dutch National Bank, John Samson reports on Caribisch Netwerk.

The Financieele Dagblad reported on Friday that Ennia’s owner reportedly sucked the company dry under the (not so) watchful eyes of the Central Bank of Curacao and Sint Maarten. The FD-article suggested that possibly tens of thousands of policy holders are stuck with an insurance that offers insufficient coverage. Ennia has denied the allegations and the Central Bank hosts a press conference this afternoon in Willemstad.

In The Hague the question came up what the role or the involvement is of the Dutch National Bank since it reportedly asked and obtained additional authority from the Dutch Minister of Finance to intervene in Curacao.

The VVD has questions for Finance Minister Jeroen Dijsselbloem but coalition party PvdA does not want to react to the commotion. The Socialist Party says that the Central Bank of Curacao and St. Maarten is not functioning and it wants the Netherlands to intervene.

“Within the context of the kingdom, we are still responsible for good governance in Curacao and St. Maarten,” SP-MP Ronald van Raak says.

Minister Dijsselbloem will ask the Dutch National Bank for information about the situation and he will also ask whether everything is under control, he said after the kingdom council of ministers meeting last Friday.

The publication in the Financieele Dagblad is based on a confidential report of the Dutch National Bank. According to this report there are doubts about the integrity at the top of the Central Bank of Curacao and St. Maarten. A report from PricewaterhouseCoopers Nederland notes that the top of the bank is not too straight when it comes to transparency. The Central Bank disagrees with this conclusion. After the PwC-report there have been two other investigations into the integrity and the irregularities at the Central Bank, the Financieele Dagblad wrote.

Ennia has distances itself from all allegations and said on Friday that everything was taken out of context in the article. The company says that its financial position is sound and that all policy holders have and will have more than sufficient guarantees.

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