Supervision - List of financial institutions under the supervision of the CBA as of January 26, 2017

1. Credit institutions that have been granted a license pursuant to section 4 of the State Ordinance on the Supervision of the Credit System (AB 1998 No. 16)

  • Commercial banks
    Aruba Bank N.V.
    Banco di Caribe (Aruba) N.V.
    Caribbean Mercantile Bank N.V.
    RBC Royal Bank (Aruba) N.V.
  • International banks
    Citibank Aruba N.V.
    BBA Bank N.V.¹ 
  • Mortgage banks
    Fundacion Cas pa Comunidad Arubano (FCCA)
  • Credit unions
    Cooperatieve Spaar - en Kredietvereniging Douane Aruba
    Cooperativa di Ahorro y Prestamo Aruba (CAPA)
  • Other financial institutions
    AIB Bank N.V.
    Island Finance Aruba N.V.
Footnote 1: BBA Bank N.V. is in liquidation

2.Credit institutions that have been granted a license pursuant to section 24 of the State Ordinance on the Supervision of the Credit System (AB 1998 No. 16)

  • Commercial banks
    FirstCaribbean International Bank (Cayman) Limited – Aruba Branch

3. Financial institutions that have been granted an exemption pursuant to section 48, paragraph 3, of the State Ordinance on the Supervision of the Credit System (AB 1998 No. 16)

  • Pawnshops
    ‘t Juwelenhuisje N.V.
    Estrella America N.V.
    Compra y Venta El Triunfo N.V.
  • Finance companies
    Mack's Total Finance V.B.A. 
    Volkskredietbank van Aruba
    Qredits Microfinanciering Nederland

4. Life and general (non-life) insurance companies that have been granted a license pursuant to section 5 of the State Ordinance on the Supervision of the Insurance Business (AB 2000 No. 82) Life insurance companies operating in Aruba

Life insurance companies operating in Aruba

  • Nagico Life Insurance (Aruba) N.V. (Trade Name: Nagico Life Insurance)
  • Ennia Caribe Leven (Aruba) N.V.
  • Fatum Life Aruba N.V. (Trade name: Guardian Group Fatum Life Aruba and Guardian Group Life Aruba)
  • Sagicor Life Aruba N.V.
  • American Bankers Life Assurance Company of Florida Limited, Agency
  • Pan-American Life Insurance Company of Aruba V.B.A.

Non-life (general) insurance companies operating in Aruba

Company name Accident & health Motor Vehicle Maritime, transport & aviation Fire & other property Other indemnity
1. Aruba AIG Insurance Company N.V. X X X X X
2. Elvira Verzekeringen N.V. X
3. Ennia Caribe Schade (Aruba) N.V. X X X X X
4. Fatum General Insurance Aruba N.V. (Trade name:  Guardian Group Fatum General Insurance Aruba and Guardian Group General Insurance) X X X X X
5. NAGICO Aruba N.V. X X X X X
6. Netherlands Antilles & Aruba Assurance Company (NA&A) N.V. X X X X X
7. TRESTON Insurance Company (Aruba) N.V.² X X X X X
8. Massy United Insurance Aruba N.V. X X X X X
9. Bupa Insurance Company, Agency X
10. The New India Assurance Co. Ltd., Aruba branch X X X X X
11. Stichting Fondo Nacional di Garantia pa Vivienda X
12. Best Doctors Insurance V.B.A. X  

Footnote 2: TRESTON Insurance Company (Aruba) N.V. is in the process of running off its insurance portfolio.

Captive insurance companies

  • Bancarib Real Insurance Aruba N.V.
  • Fides Rae Insurance Company N.V.
  • MCB Risk Insurance N.V.
  • Mondis Manufacturers Insurance Company N.V.

5. Company pension funds that have been granted authorization pursuant to the State Ordinance on the Supervision of Company Pension Funds (AB 1998 GT 17)

  • Lago Annuity Foundation
  • Stichting Algemeen Pensioenfonds Aruba (APFA)
  • Stichting Bedrijfspensioenfonds Aruba
  • Stichting Fondo di Pensioen di trahadornan di Empresanan y Fundacionnan Publico (FPEF)
  • Stichting Pensioenfonds Caribbean Mercantile Bank
  • Stichting Pensioenfonds Havenwerkers Aruba
  • Stichting Pensioenfonds Meta Bedrijven Aruba
  • Stichting Pensioenfonds RBTT Bank Aruba
  • Stichting Pensioenfonds RBTT Bank Aruba II³
  • Stichting Pensioenfonds Tourist Sector Aruba (PFTS)
Footnote 3: Stichting Pensioenfonds RBTT Bank Aruba II is in liquidation. Meanwhile, the pension fund transferred its pension obligations to a life insurance company in Aruba

6. Money Transfer Companies that have been granted authorization pursuant to article 3 of the State Ordinance on the Supervision of the Money Transfer Companies (AB 2003 No. 60)

  • Union Caribe N.V.
  • Post Aruba N.V.
  • Mack’s Exchange Services VBA

7. Money Transfer Companies that have been granted exemption pursuant to article 10 of the State Ordinance on the Supervision of the Money Transfer Companies (AB 2003 No. 60)

  • MoneyGram International Inc.
  • Western Union Financial Services International, Inc.

8. Trust Service Providers under supervision of the CBA pursuant to article 2 of the State Ordinance Supervision of Trust Service Providers(AB 2009 No. 13)

  • AMTR N.V., whether or not through AMTR Management N.V.
  • SGG Management (Aruba) N.V.
  • Aruba International Trust Company N.V., whether or not through Aruba Management Company N.V., Aruba Corporate Services N.V., Trust Company of Oranjestad N.V.
  • Arulex Trust Services N.V.
  • Ascor Trust (Aruba) N.V.
  • C.T.F. (Aruba) N.V.
  • Curado Trust (Aruba) N.V.
  • Euro Trust International N.V.
  • IMC International Management & Trust Company N.V., whether or not through IMC Management Services (Aruba) N.V., IMC Management Company (Aruba) N.V., Oyens Aruba Management Corporation N.V., ATS Management N.V., IMC Corporate Services (Aruba) N.V.
  • Orangefield (Aruba) N.V.
  • United Trust Management (Aruba) UTM N.V.
  • Standard Trust Company N.V.
  • Intima Management N.V.

 

9. Insurance Brokers under supervision of the CBA pursuant to section 2 of the State Decree on the supervision of insurance brokers (AB 2014 NO. 6)

1. Insurance brokers that have been granted a license pursuant to article 2 section 1 of the State Decree on the Supervision of Insurance Brokers (AB 2014 no. 6)

 

Turtle Island Insurance Broker N.V.

Worldwide Insurance Agency N.V.

Verdant Insurance and Management Company Group N.V.

AON Aruba N.V.

Assurantie Service Centrum Aruba A.S.C.A. N.V.

De L’Isle & Sons Insurance Brokers N.V.

Seguros Geerman N.V.

Boogaard Assurantiën N.V.

Windward Insurance Solutions N.V.

Nos Seguro N.V.

EFS Equidad Financial Services N.V.

Jai Mahalaxmi Enterprises N.V.

Lyder Insurance Consultants N.V.

Framo Insurances N.V.

Aresta Aruba N.V.

Pentagon Investment & Consultancy N.V.

 

2. Credit Institutions that have registered at the Centrale Bank van Aruba pursuant to article 2 section 3 of the State Decree on the Supervision of Insurance Brokers (AB 2014 no. 6)

 

Aruba Bank N.V.

RBC Royal Bank (Aruba) N.V.

Caribbean Mercantile Bank N.V.

Banco di Caribe (Aruba) N.V.

Fundacion Cas pa Comunidad Arubano (FCCA)

Island Finance Aruba N.V.

FirstCaribbean International Bank (Cayman) Limited – Aruba Branch

 

3. Insurance Brokers that have been granted a dispensation pursuant to article 4 section 2 of the State Ordinance on the Supervision of the Insurance Business (AB 2000 no. 82) to operate as an insurance agent


The following persons have been granted a dispensation to operate as an insurance agent for Fatum Life Aruba N.V. and Fatum General Insurance Aruba N.V.:

Mr. J.W. Isenia

Mrs. T.D. Kelly-Hernandez

Mr. G.M. Daal

Mr. J.A.M. Lomans

Mrs. M.D.D. Geerman

Mr. J.W.P.J. Kaan

Mr. F.J. Gonzalez

Mr. R. Seraus


The following persons have been granted a dispensation to operate as an insurance agent for Pan-American Life Insurance Company of Aruba V.B.A:

Mrs. Alli-Martijn

Mr. J.R. Martina

Mrs. L. Kelly

Mrs. A.R. Cordero-Murray

Mrs. B.R. Simileer

Mrs. J.M. Pesqueira

Mrs. M.N.R. Tromp

Mr. G.S. Lacle

Mr. E.E. Werleman

Mrs. A.S. Hernandez

Mr. J.J.E. Vermeulen

Mrs. R.L.R.A. Martijn

Mr. J.G. de Cuba

Mr. C.L. Bermudez-Romero

Mrs. C.R. Kock

Mr. K.E. Croes

Mr. J.R. Brete


The following persons have been granted a dispensation to operate as an insurance agent for Sagicor Life Aruba N.V.:

Mrs. D. A. Dormoy

Mrs. L. R. Faustin

Mrs. F. Bernier Corbacho

Mrs. A. R. Koolman

Mrs. B. I. Wolff - Croes

Mrs. N. C. Marques Hidalgo