A Suriname-based insurance company has made an offer to acquire 100 per cent of Gulf Insurance Limited, the general insurance company that is based in Trinidad, but operates throughout the region.
An internal memorandum sent to staff and agents of Gulf Insurance yesterday indicated that the offer from Assuria NV of Suriname had been accepted by the trustee and bondholders of the local company. The memo was released by John Gonzales, Gulf Insurance's CEO.
Assuria NV which is the largest insurance company in Suriname is now in the process of getting approval from the Central Bank of Trinidad & Tobago and from the Central Bank of Suriname.
Through its operating companies, Assuria offers life and general insurances, including term, endowments and pension insurances (annuities), motor, property, liability, travel and health insurances and is a large institutional investor with substantial interest in a number of leading companies in Suriname.