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Soualiga News II (4521)

Pan-American Life Insurance Group Launches New Affiliate In Cayman Islands

NEW ORLEANS, LAPan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, announced yesterday that its newly created affiliate, Pan-American Life Insurance Company of the Cayman Islands is now open for business and operating as a Class A insurer in the Cayman Islands.

“We are very pleased to be expanding our presence in the Cayman Islands,” said José S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group. “As a Class A insurer we are now able to offer customers across the country the benefit of our knowledge and expertise in best in class, health, life, and accident insurance solutions.”

Pan-American Life will be adding new product lines, beginning with their employee benefits solutions,  to the individual life and annuity businesses acquired in 2012 as part of the purchase of select MetLife/Alico assets.

“We believe that our experience in the employee benefits market both in the U.S. and Latin America, particularly when it comes to offering top quality multinational solutions, will be attractive in a sophisticated insurance market like the Cayman Islands,” Suquet explained. “Pan-American Life Insurance Company of the Cayman Islands will allow us to continue leveraging synergies across our organization thereby delivering superior service to clients in the Cayman Islands as well as the wider Caribbean.”

About Pan-American Life

The Pan-American Life Insurance Group is a leading provider of insurance and financial services throughout the Americas. New Orleans-based Pan-American Life Insurance Company, the Group's flagship member, has been delivering trusted financial services since 1911, employing more than 1,500 worldwide, providing top-rated life, accident and health insurance, employee benefits and financial services in 47 states, the District of Columbia (DC), Puerto Rico, and the U.S. Virgin Islands. The Group’s member companies offer individual and/or group life, accident and health insurance throughout Latin America and the Caribbean. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, and 13 Caribbean markets, including Barbados, Cayman Islands, Curacao and Trinidad and Tobago. For more information, visit the Pan-American Life Web site at palig.com, follow us on Twitter @PanAmericanLife, and connect with us on LinkedIn at Pan-American Life Insurance Group.

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Plenary Session of Parliament about Protocol Signed between Sint Maarten and the Netherlands to continue on Wednesday

PHILIPSBURG – TheHouse of Parliament will meet in a public plenary session on September 16th.  This session of the House was adjourned on Monday and will continue on Wednesday.  The House session will be carried live on Soualiga Newsday Video Feed.

The Minister of Justice Dennis Richardson, has confirmed to be present for the parliamentary session.    

The plenary session is set for Wednesday at 9.00am in the General Assembly Chamber of the House at Wilhelmina Straat #1 in Philipsburg, and is a continuation of the House sitting that was initially held in August. 

The agenda point is the protocol signed between the Governments of the Netherlands and Sint Maarten and the apparent unilateral decision by the Netherlands/Dutch Police Agencies regarding the Justice System on Sint Maarten.

Members of the public are invited to the House of Parliament to attend parliamentary deliberations. 

The House of Parliament is located across from the Court House in Philipsburg.

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Finance Committee Meeting scheduled for Wednesday regarding Taxes and Government Owned Companies

PHILIPSBURG – TheFinance Committee of Parliament will meet in public session on September 16. The Minister of Finance Hon. Martin Hassink will be present for the House session. This parliamentary session will be carried live on Soualiga Newsday Video Feed. 

The public Finance Committee meeting is set for Wednesday, at 2.00pm in the General Assembly Chamber of the House at Wilhelmina Straat #1 in Philipsburg.

The first agenda point is a discussion on the proposed changes to the tax system; second agenda point is a discussion on the annual reports of the year 2013 of government owned companies.

Members of the public are invited to the House of Parliament to attend parliamentary deliberations. 

The House of Parliament is located across from the Court House in Philipsburg.

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Minister Bourne-Gumbs leads Strategic Planning for Educational System

BELAIR - Honorable Minister Rita Bourne-Gumbs spent the entire day on Thursday September 10th hearing from school management and parents about the specific strategic objectives they would like to see the Ministry of Education, Culture, Youth and Sports attain over the next 10 years.

Management teams from all schools and levels of education were invited to an afternoon session. They worked together in mixed groups to come up with realistic and practical suggestions to develop a clear picture of the learning environment for the young students of the future with respect to the country’s educational system.

In the evening, parents of current students were selected and invited by their respective school boards to work on objectives from their own perspective.

This strategic session was an initiative of Minister Bourne-Gumbs who selected a committee within the ministry to organize the event and collect the data and to present their findings.

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Central Committee Meeting scheduled for Tuesday about Constitutional Day

PHILIPSBURG – TheCentral Committee of Parliament will meet in public session on September 15 with the Minister of Education, Culture, Youth and Sports Hon. Rita Bourne-Gumbs. This House Session will be carried live on Soualiga Newsday Live Video Feed.    

The public Central Committee meeting is set for Tuesday, at 2.00pm in the General Assembly Chamber of the House at Wilhelmina Straat #1 in Philipsburg.

The agenda point is a draft National Ordinance to change several ordinances that would establish Constitution Day as a national day.  Constitution Day has been acknowledged since Sint Maarten became a country on October 10.

Members of the public are invited to the House of Parliament to attend parliamentary deliberations. 

The House of Parliament is located across from the Court House in Philipsburg.

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WIB delivers 2nd week of goods collected for Dominica

PHILIPSBURG – Windward Islands Bank (WIB) staff remain committed to deliver their second week of goods collected for the Dominica Disaster Relief Committee of St. Maarten. 

WIB staff have been working diligently to collect relief items for the people of Dominica who continue to need the help of the international community in their plight to recover from the damage caused by the passing of Tropical Storm Erika.

“The Windward Islands Bank Ltd., your partner in progress.”

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Saba and Statia Students Arrive on Bonaire and welcomed by Kingdom Representative

BONAIRE (Caribbean Netherlands) - Kingdom Representative Gilbert Isabella welcomed students of Saba and Statia at the official residence on Thursday September10th.

These young people currently live on Bonaire and for most of them this is "new" and far from home.

The students and the Kingdom Representative talked in an informal atmosphere (during a barbecue) about their experiences with each other and, above all, their dreams for the future. (RCN Caribbean Netherlands)

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Ministry of Education, Culture, Youth and Sports Closed on Friday for Sports Day Team Building Activities

GREAT BAY, (DCOMM) – The Ministry of Education, Culture, Youth and Sports (Ministry ECYS) is closed on Friday, September 11 for Sports Day activities.

The Sports Day activities have been organized for the staff of the ministry to promote team work and team building.

Sports Day activities will take place at the Raoul Illidge Sports Complex from 8.00AM to 5.00PM.

The teams that will be competing are: Stafburo and Department of Sports (Aqua Team), Minister’s Cabinet and Inspection (Yellow), DPES and Exam Bureau (Red), Study Financing and Youth Affairs (Purple), SSSD and Department of Culture (Orange), and Education and DEI (Green).

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Carnival booths going at record registration pace. All registration closes November 1

POND ISLAND - One day after opening registration for Carnival 2016 on September 1, the St. Maarten Carnival Development Foundation (SCDF) has reported that 95% of its 79 booths have all been spoken for. Returning booth holders have registered for their booths at a record pace, giving the SCDF ample time to plan and prepare for Carnival 2016.

Many of the booth holders registered during a meeting with the SCDF on Monday, August 31 after the SCDF informed them of the new operational procedures in Carnival Village as of Carnival 2016. 

By tradition, booth holders who leased a booth from the SCDF the previous Carnival are considered first to get a booth the following Carnival. On average, only 3 booths become available on an annual basis while the SCDF has a waiting list of well over 100 people trying to operate a booth in Carnival Village.

“Renewals for booths are typically at a high level. But the pace this year faster than anything we’ve seen before. It is very encouraging with many telling us they are ready to go. It’s the first stage in getting ready for the Carnival season so now we will move forward with planning and preparations.

The registration process will close on November 1, 2015 which will allow the foundation to assess and start its planning even earlier than usual.

Registration is open for troupes, booths, bands, calypsonians ect. Interested persons can pick up a registration form at the office of the SCDF located on the Illidge Road above the Windward Islands Bank branch. Forms can also be requested digitally by sending an email to: This email address is being protected from spambots. You need JavaScript enabled to view it..

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Child allowance also now in the Caribbean Netherlands for low incomes

CARIBBEAN NETHERLANDS - If the Dutch Parliament gives consent, parents with children under eighteen years of age on Bonaire, St. Eustatius and Saba can benefit from child allowance as of next year. From this, especially low-income families will benefit. "This is how I want to contribute to the fight against poverty in the Caribbean Netherlands", says State Secretary of Social Affairs and Labour, Jetta Klijnsma, who is sending the bill today to the Second Chamber for consideration.

Presently, parents on the three islands can still receive a tax compensation for children. People with low incomes benefit little from this. They pay little or no tax and can therefore also receive hardly any discount on that tax.

To prevent this redemption problem, the child allowance replaces this fiscal regulation as of January. As a result the parents of all 5000 children in Bonaire, St. Eustatius and Saba will benefit from child allowance. Presently parents of 2000 children benefit from the children's discount.

The point of departure is that no one should fall behind. The child allowance will be just as high as the deduction is now in the most favorable case. That amount is 38 USD per child per month. The current children's discount is valid per family for up to 2 children; the new child allowance is intended for all children.

The monthly amount can still be adjusted. If it turns out that the tax and premium tax changes in a way that parents compared to the old system still fall behind, then the monthly amount will increase. The amount will also be indexed in the future.

The Second and First Chamber must still vote on the draft bill. The intended effective date of the new measure is January 1st, 2016. (RCN Caribbean Netherlands)

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