NAGICO Insurances grants another one-year rent free accommodation to ACE Foundation for the 5th year in a row.

NAGICO Insurances has granted another one-year rent free accommodation to the A.C.E. (All Children Education) Foundation school which is run by Claire Elshot.
This decision by NAGICO came just before the rental contract with the school would have expired. The A.C.E Foundation school has been occupying the building owned by NAGICO since 2015 following their eviction from their previous location on LB Scott Road. Since then, NAGICO agreed to temporarily house the school free of charge to allow them time to find a more permanent location.
According to Elshot, the school which provides education to students of varying nationalities have been struggling to obtain adequate funding to pay for a location.
“Given the negative financial impact the COVID-19 virus is having on everyone, we knew we had to find a way to facilitate these children and the teachers, we could not turn our backs on them at a time like this, that is simply not humane or the NAGICO way of doing things, so we had to go back to the drawing board, and pull out all the stops to see how we could assist for at least one more year, with the hopes that things improve during this time,” Territory Head and Managing Director of St. Maarten; Eric Ellis said.
This means that NAGICO will continue to absorb the cost for rent for the location until September 30th, 2021.
“It is commendable what Claire Elshot and her team has done and we wish her much success in their efforts to ensure that these students are not displaced, and the teachers are not unemployed,” Ellis said.