Thank you Kenny for that information.

So digging deeper into NAGICO, it seems that the company sold 50% of their shares to Peak Re in 2017 (with assets over $1 Billion). Peak Re is owned by Fosun Group (with over $12 Billion in assets). https://www.nagico.com/wp-content/uploads/2017/08/NAGICO-Insurances-Annual-Report-2016.pdf

Those two companies probably don’t want to lose their significant stake in Nagico’s future.

It also seems that William Marlin is Nagico’s main beneficiary (the former Prime Minister until the hurricanes hit in 2017). http://sxmheadlinenews.com/nagico-insurance-change-owners/

Fun and games in the insurance business smile Hopefully the “new” Nagico will pay their insured people and businesses!