PHILIPSBURG:--- The Sint Maarten Insurance Association officially signed their articles of incorporation on Monday December 9th 2013 in the presence of Notary Marlene Mingo at her office.
This means all local Insurance companies (Life and Non-life) namely; NAGICO Insurances, Ennia Insurance, Guardian Life, Gulf Insurance, ICW Insurance (ICWI), NC Wathey Insurances, Sagicor and Capital Life are members of this new association.
The objective of SMIA, is to promote the general interest of the Insurance business and its members on St. Maarten. Furthermore the association will seek to advance and uphold the good reputation and conduct of the insurance industry on the island.
Chairman of the SMIA; Eric Ellis explained that, "The association has been active and fully functional for several years, we even contracted the service of C.A.R.S., the accident administration service in 2008 and most recently the Insurance Association signed the agreement with the Medical Doctor's Association on their cost of living adjustment."
Now that SMIA is officially incorporated we are confident that we will have continued growth and development of the insurance industry on St. Maarten.
