The Nation Newspaper

Tag: Sunu Assurances

  • SUNU Assurances clinches top honours at 2025 PEARL Awards for Market Excellence

    SUNU Assurances clinches top honours at 2025 PEARL Awards for Market Excellence

    SUNU Assurances Nigeria Plc has emerged as a top winner at the 2025 PEARL Awards, proudly receiving the Highest Share Price Appreciation Award under the Market Excellence Category.

    The prestigious award was presented at the recently concluded PEARL Awards Night, held at the Lagos Oriental Hotel, Victoria Island, Lagos.

    The PEARL Awards, widely recognised as Nigeria’s most credible platform for honouring outstanding companies listed on the Nigerian Exchange employ a rigorous, data-driven approach in evaluating listed firms.

    The Market Excellence Award, which SUNU Assurances secured, is based on clearly measurable parameters, including share price performance, financial growth, corporate governance, and value creation for shareholders.

    This award marks yet another milestone in SUNU Assurances’ journey of excellence and transformation.

    The company continues to focus on sustainable innovation, responsible growth, and impactful service delivery across Nigeria’s insurance landscape.

    With this achievement, SUNU Assurances Nigeria Plc reaffirms its position as a forward-thinking insurer dedicated to value, protection, and performance in Nigeria’s evolving financial ecosystem.

    SUNU’s selection is a testament to its resilience, investor confidence, and commitment to customer satisfaction.

    Over the last year, the company’s stock has demonstrated a strong upward trajectory, reflecting sound corporate governance, renewed market trust, and robust financial strategies that have strengthened its competitive position in the Nigerian insurance industry.

    Read Also: US Mission Nigeria unveils social media skit contest

    Speaking after receiving the award, Dr. Samuel Ogbodu, Managing Director/CEO of SUNU Assurances Nigeria Plc, expressed gratitude to the organizers and reaffirmed the company’s vision.

    He said: “This recognition reflects the hard work of our people, the trust our customers place in us every day, and the confidence of our shareholders. We appreciate this recognition and we remain committed to delivering solutions that truly support the lives and businesses of those who depend on us.

    “The 2026 edition of the Nigerian Stock Market Annual (NSMA) was also unveiled at the ceremony. It highlights the objective analysis, data metrics, and selection methodology behind the awards. We are excited that SUNU Assurances will be featured in a special two-page spread in the publication, celebrating its achievements, service offerings, and growth trajectory”, he added.

  • SUNU Assurances shareholders approve N9b Recapitalisation Plan

    SUNU Assurances shareholders approve N9b Recapitalisation Plan

    Shareholders of SUNU Assurances Nigeria Plc have unanimously approved a comprehensive recapitalisation programme that will enable the company raise up to N9 billion to meet the new Minimum Capital Requirement (MCR) for non-life insurers under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

    The approval was granted at the company’s Extraordinary General Meeting (EGM) held on Tuesday in Lagos, which recorded an impressive physical turnout of shareholders.

    The resolutions empower the Board of Directors to raise capital through a mix of rights issues, private placements, public offers or any other fundraising structure, subject to regulatory approval. The board was also authorised to increase the company’s share capital as required, allot new shares, trade untaken rights, engage advisers, and register all changes with the Corporate Affairs Commission.

    Speaking at the meeting, Chairman of the Board, Mr. Kyari Abba Bukar, said the recapitalisation was necessitated by the NIIRA 2025 regime, which raised the MCR for non-life insurers from N3 billion to N15 billion, with a compliance deadline of July 30, 2026.

    “As at September 30, 2025, the company requires N9 billion to close the gap. This makes it imperative that we take decisive action to strengthen our capital base,” he said.

    Bukar added that the recapitalisation would enhance SUNU’s balance sheet, deepen underwriting capacity, attract fresh investment and reinforce market presence. He also disclosed that the company plans to address its free-float deficiency on the Nigerian Exchange (NGX) as part of the capital-raising exercise.

    He noted that SUNU has maintained strong dividend consistency for the past four years and has continued to grow shareholder value.

    Read Also: Okpebholo takes EU ambassadors to monarch

    Speaking to journalists after the meeting, Bukar stated: “We will go in full force using a combination of rights issue, public offer, private placement or strategic investment. The goal is to meet NAICOM’s requirement ahead of the July 2026 deadline.”

    Managing Director/CEO, Mr. Samuel Ogbodu, revealed that the SUNU Group, which currently holds 83% equity, intends to reduce its stake to 70% to enable more Nigerian investors participate in the company.

    “This EGM was crucial for transparency and shareholder involvement. We now have full authority to proceed with the capital raise,” Ogbodu said.

    He added that SUNU’s share price, which once rose to N11 and now trades between N4.70 and N5.70, is expected to double within six months based on the company’s growth plans.

    Executive Director, Mr. Elie Ogounigni, reaffirmed SUNU Group’s commitment to the Nigerian market, saying:

    “When SUNU gives its word, we keep it. We are in 17 countries, and we intend to ensure full compliance and support SUNU Nigeria through this recapitalisation.”

  • SUNU Assurances paid N3.28b claims in 2024’

    SUNU Assurances paid N3.28b claims in 2024’

    • Posts N3.59b profit

    Amember of SUNU Group, SUNU Assurances Nigeria Plc,  has paid N3.28 billion in claims, highlighting its commitment to policyholders.

    The company also posted a huge profit after tax of N3.59 billion, reflecting strategic financial management and operational efficiency.

    This result marks a substantial 57.8 per cent increase from the N2.08 billion paid out in 2023, underscoring the company’s dedication to meeting its obligations despite economic challenges.

    The company’s Gross Written Premium (GWP) for 2024 reached N13.03 billion, an increase from N8.16billion in 2023. This growth of N4.87 billion, representing a 59.6 per cent rise, also surpassed the full-year budget of N10.16 billion by an impressive 128.3 per cent.

    Shareholders of the company during the company’s 38th Annual General Meeting (AGM) in Lagos approved key resolutions, including the payment of a dividend for the 2024 financial year.

    A significant resolution was the approval of the declaration of a dividend of 10k per share on 50k ordinary shares for the financial year ended December 31, 2024, which is scheduled for payment on Monday, June 16.

     Chairman of SUNU Assurances, Mr. Kyari Abba Bukar, said the impressive revenue growth was driven by several key factors such as higher business renewals, contributing to portfolio stability and expansion.

    Bukar said other factors are increase in motor insurance premium rates, boosting revenue from this segment, growth in the number of insured vehicles, expanding customer base and favourable foreign exchange movements, positively impacting underwriting results.

    Further key decisions made at the AGM included the re-election of Mrs. Olajumoke Bakare and Hajiya Aisha Abubakar, who retired and were eligible for re-election.

    Read Also: Why Rivers Emergency Rule approval was in closed session, by Senate

    The Board of Directors was authorised to fix the remuneration of the external auditors, and the remuneration of the company’s managers. Shareholders also elected their representatives to the audit committee, who will hold office until the next AGM.

    In compliance with Rule 20.8(a) of the Nigerian Exchange Limited, shareholders considered and passed an ordinary resolution granting the company a general mandate to enter into recurrent transactions with related parties for its operations on normal commercial terms. This mandate will commence from the date of the resolution and continue to operate until the next AGM.

    The company’s Managing Director, Mr. Samuel Ogbodu, said: “The approval of the dividend for the 2024 financial year reflects our commitment to delivering value to our shareholders and underscores our robust financial performance.

    “We look forward to building on these achievements and driving sustainable growth in the coming year.”

    A shareholder, William Adebayo, he was satisfied with the dividend.

    He applauded the management team for their hard work and strategic decisions that brought success.

  • SUNU Assurances saved my family from fire disaster, says don

    SUNU Assurances saved my family from fire disaster, says don

    The Executive Director, Executive Education, Lagos Business School, Prof. Victor Banjo, has stated how SUNU Assurances Plc saved his family  following a devastating fire outbreak in his home.

    Based on the company’s prompt intervention, Banjo recommends SUNU Assurances as a leading customer-centric insurance firm.

    The don, while presenting a paper on “Customer-Centric insurance: Enhancing the customer experience” at the just-concluded Chartered Insurance Institute of Nigeria’s Insurance Professional Forum in Abeokuta, Ogun State, said the perception of insurance by the people is crucial to the industry’s growth.

    Speaking about his experience on insurance, he said: “About a year ago, my house caught fire because the load that came from the national power supply ignited the inverter supply.

    “Luckily, we were able to get support from an insurance company, which is SUNU Assurances, and within a few days, inspection and replacement of equipment were done and payment was made.

    “The person, who made that happen is the Managing Director of the company, Mr. Samuel Ogbodu. He is behind the success of the company as I later found out. With the company’s prompt claims payment policy, my family and I didn’t suffer from the fire disaster.

    “This is what we are talking about when looking at service. SUNU Assurances proved to be one of the companies doing what we want to see happen with all the insurance companies and it should be the norm. Because when you have such incidents happening and people are getting their claims, it helps to raise their level of confidence and that it is indeed possible to get value from the industry”.

    Read Also: CBN reassures stability of banking system

    He advised insurers to ensure that claims payments are more prioritised.

    Ogbodu said the commendation from the professor at the event was unexpected but deserving.

    He stated that the company’s goal is to come to the rescue of the people who deem it fit to insure their lives, properties and businesses.

    The company boss said they believe that paying genuine claims is bringing succour to the insured, either in their life or businesses.

    Ogbodu further pledged that SUNU Assurances would continue to strive for excellence in customer service and urged the public to insure their lives and assets with SUNU.

    “We would continue to do more and as a token of our appreciation for your continued trust, we invite you to partake in our upcoming Customer Service Week in October. This celebration is a testament to our shared success,” Ogbodu added.

  • SUNU Assurances pays N2.08b claims

    SUNU Assurances pays N2.08b claims

    • Posts N2.5b profit, pays dividend

    Customers of SUNU Assurances Nigeria Plc have received N2.08 billion as claims payment in the 2023 financial year. This represents a 41.5 per cent increase from the N1.47 billion the company paid the previous year.

    The firm also excited shareholders with remarkable growth as they approved 5 kobo dividends per share of 50k ordinary share.

    SUNU Assurances posted a Profit After Tax (PAT) of N2.5 billion outperforming the full year budgeted profit after tax of N355 million.

    Besides, the company recorded a Gross Written Premium (GWP) of N8.16 billion in the year under review from N5.77 billion in 2022.

    This represents growth of N2.39 billion and 41.3 per cent in percentage terms while the full year budget of N6.7 billion was surpassed by 121.8 per cent.

    Speaking at the company’s  37th Annual General Meeting (AGM), the Chairman, Mr. Kyari Abba Bukar, stated that increased business proportion on renewals, favourable impact of premium rates on fire and motor businesses were the major contributors to the increase in revenue.

    Read Also: Sunu Assurances rewards shareholders with dividend

    He said: “We were able to reach another milestone of premium generation, the highest since inception of the company with a Gross Written Premium of N8.16 billion in the year under review from N5.77 billion in 2022.

    “Claims paid increased from N1.47 billion in 2022 to N2.08 billion in 2023 by 41.5 per cent, which represented 87.1 per cent of the paid claims budget for the year. This is partly due to unfavourable impact of macroeconomic factors as mentioned.

    “Net Claims expenses increased to N1.45 billion in 2023 by 41.4 per cent from N1.21 billion in 2022. This represented a budget overrun of N213 million above the N1.24 billion budgeted for the year due to the impact of the implementation of IFRS 17 on Insurance businesses.”

    Bukar pointed out that the unfavourable impact of inflation and fuel price instability led to a surge in the operating expenses of N2.33 billion in the year under review, by an increase of 39.4 per cent from N1.67 billion in 2022. This represents 111 per cent of the full year budget of N2.11 billion.

    “The Underwriting profit for the year was N1.83 billion which translates to 87.1 per cent of the N2.1 billion budget for the year. However, the underwriting profit increased by 44.8 per cent from N1.56 billion in 2022.

  • SUNU Assurances to exceed N10b recap ceiling

    SUNU Assurances Nigeria Plc, a member of SUNU Group will exceed the N10 billion regulatory requirements on recapitalisation to underwrite all classes of general business, its Managing Director, Mr. Samuel Ogbodu, has assured.

    Ogbodu spoke in Abuja during the monthly Brokers Forum, titled: Engagement with brokers in Abuja and its Environs.

    He said to meet the new National Insurance Commission (NAICOM) recapitalisation regime, the company  would embrace right issue option.

    He stated that the Sunu Group based in Paris, France, owned 65 per cent of the company and that it had secured the firm’s commitment to pick up the right issue.

    He said the company operates with an authorised share capital of N7 billion, affing that it had submitted its recapitalisation plan and got approval  from NAICOM.

    According to him, when SUNU bought into the hitherto Equity Assurance, it increased the authorised and paid up capital to N7 billion.

    Ogbodu said: “Nigeria is pivotal to the growth and expansion of SUNU Group in Africa and they have submitted their recapitalisation plan as instructed by NAICOM. The Commission has duly acknowledged the plan and letter of no objection was issued.

    “The company is committed to the principle of corporate governance and code of best practices. The board is committed to full disclosure and transparency in the conduct of the company activities. The company has in place a robust, dedicated and competent management team that see to the day to day management of the company.”

    SUNU was incorporated as Equity Assurance Nigeria on December 13, 1984 and was licensed to underwrite all classes of general business.

    He said: “The company changed its name from Equity Assurance Plc to SUNU Assurances Nigeria Plc with due approval from the shareholders and its regulator, NAICOM.  The approval was dated 29th March, 2018 and a new licence was issued by NAICOM.

    “The name-change was necessitated as a result of SUNU Group’s (a foremost Pan-African Insurance Group), recent acquisition of majority stake in Equity Assurance Plc., With operations in 14 African countries and 25 office locations spanning West and Central Africa, this acquisition positions SUNU Assurances Nigeria Plc., to leverage SUNU Group’s vast network of knowledge capital, financial strength and technical resources in our quest to differentiate our offerings and service standards in the marketplace.

    “In addition to strengthening the company’s balance sheet, this strategic investment and name change also provides SUNU with critical organisational capabilities and competencies, which is being harnessed to create and deliver value to our esteemed brokers and clients. This new name reflects its pan African presence as a full-fledged member of the SUNU Group.

    ‘’The company continues to operate in its current structure, and other than the name change, there is no change in management as we keep providing tailored made products and better service on which SUNU Group has built its reputation across Africa.

    “SUNU Group is a foremost Pan-African Insurance Group with operations in 14 African countries and 23 office locations spanning West and Central Africa, which has recently expanded to include five subsidiaries belonging to Allianz Africa. SUNU Group’s continuous expansion is in line with its goal of becoming a leading African insurance company, and we are glad to have you brokers as our valued partner on this journey.

    “On our support services, we have long-term partnership products backed with robust reinsurance facilities; special risks, including oil and gas.’’

    Ogodu urged the brokers to continue to support the company through teamwork enduring partnership; information sharing; and erasure of mistrust.

    “The insurance industry is struggling, but due to efforts by brokers, we are slowly and surely changing that narrative. It would be impossible to record the success of the SUNU Assurance’s presence in Nigeria without noting the impact of brokers business relationships has made on the company’s bottom-line. It’s instructive to note that 80 per cent of our businesses are derived from the broking community.

    “Abuja market size is valued at N7.5 billion in 2018 with 61 brokers. Our share is N184 million representing 2.45 per cent of the market and 35 brokers. Our company has been serving the market with prompt claims payments of N169 million, representing 20 per cent of the premiums generated over the past five years.‘’

  • Sunu Assurances backs recapitalisation

    The ongoing move to recapitalise Nigerian insurance sector will lead to emergence of a more virile, productive and competitive insurance sector that will contribute more to national development.

    Managing Director Sunu Assurances Nigeria Plc Mr Samuel Ogbodu, at the weekend praised the new policy on minimum capital requirements for insurance functions recently released by the National Insurance Commission (NAICOM), noting that the move was in the best interest of the insurance sector.

    NAICOM had in May 2019 released new capital requirements for insurance businesses with a 13-month compliance period for operators to shore up their minimum capital base to the required level. The minimum paid-up share capital of a life insurance company was increased from N2 billion to N8 billion, non-life insurance from N3 billion to N10 billion, composite insurance from N5 billion to N18 billion while re-insurance companies were directed to raise their capital base from N10 billion to N20 billion.

    Ogbodu spoke in Lagos at the Capital Market Correspondents Association of Nigeria (CAMCAN) Quarterly Forum themed, “Deepening insurance penetration through effective broker engagement”.

    He said the recapitalisation would lead to consolidation of the insurance sector and provide more opportunities for large ticket transactions while positioning Nigerian insurance companies as big players, as against the current trend of being agents to foreign insurance underwriters.

    He added that insurance brokers would have more creative roles to play towards harnessing the benefits of the new capital base requirement.

    According to him, the recapitalisation will help to reposition the Nigerian insurance sector to take its rightful place in the country’s economy as insurance companies would at the end of the recapitalisation be able to take up opportunities hitherto taken by foreign companies.

    He said various efforts aimed at boosting the insurance sector’s contribution to the Gross Domestic Product (GDP) from its present 0.1 per cent level would be accelerated with the implementation of the new capital base.

    Ogbodu was optimistic that insurance penetration in the country would surpass one per cent with proper implementation of the capital raising exercise as players would be forced to harness new grounds.

    He assured shareholders that Sunu Assurances Nigeria would surpass the new capital base of N10 billion.

    “Sunu is positioned to take up the new challenges, having been rightly placed to meet up with the new capital requirement of N10 billion, even as the framework for the new policy is yet to be released,” Ogbodu said.

    He said the new era would open doors for new products, reduce challenges posed by liquidity in the sector, strengthen financial inclusion and as well re-open new regulatory windows for regulators.

    He pointed out that Sunu Assurances with its presence in over 14 countries, combined robust product offerings and a unique technology-driven platform, provides insurance management solutions at competitive costs to individuals and institutions.

    Executive Director, Strategy and Performance, Sunu Assurances Nigeria Plc, Mr Karim Dione, also lauded the recapitalisation effort, noting that recapitalisation was the right step to take.

    He said the players needed to have profitable businesses adding that the potential in Nigeria in terms of size, potential, and resources was enormous for the Sunu Group, which is ready to meet the new capital base.

  • SUNU Assurances assures shareholders of improved performance

    SUNU Assurances Nigeria Plc has assured shareholders that recent corporate changes will lead to better performance in the years ahead.

    At the annual general meeting yesterday in Lagos, directors of the insurance company said the rebranding of the company and appointment of new management reflected the company’s commitment to long-term growth.

    At the meeting, shareholders ratified the appointment of Mr Samuel Ogbodu as the Managing Director of SUNU Assurances Nigeria and Mr. Adeleke Hassan as Executive Director, Technical and Operations.

    “This is in line with the company’s vision of growing its business consistently over the next five years to become one of Nigeria’s 10 largest underwriting companies,” the company stated.

    The company’s rebranding activities involved both internal and external communication strategies to inform stakeholders and the general public of the change of name and to raise awareness of the introduction of the SUNU Group’s presence in Nigeria.

    According to the company, the rebranding not only included a change in the company’s aesthetics but also in critical service functions and delivery as the company is focused on leveraging technology to provide quality insurance offerings to its various customers reflecting its pan African presence as a full-fledged member of the SUNU Group.

    The company stated that the rebranding was strategic and designed to align with the exemplary brand of the parent company, SUNU Group.

    It is worthy to note that SUNU Group is a foremost Pan-African Insurance Group with asset base of over $623 Million and operations in 14 African Countries and 23 office locations spanning West and Central Africa.

    “SUNU Assurances Nigeria Plc is therefore positioned to leverage on SUNU Group’s vast network of knowledge capital, financial strength and technical resources in our quest to differentiate its offerings and service standards in the Nigerian marketplace,” the company stated.

    In addition to strengthening the company’s Balance sheet, the partnership with SUNU Group is expected to provide SUNU Assurances Nigeria with critical organizational capabilities and competencies which would be harnessed to create and deliver value to its esteemed clients.

    SUNU Assurances Nigeria reassured shareholders of its commitment to keep providing tailor-made products and better service on which SUNU Group have built their reputation across Africa.

  • SUNU Assurances assures shareholders

    SUNU Assurances Nigeria Plc has assured shareholders that recent corporate changes will lead to better performance in the years ahead.

    At the annual general meeting yesterday in Lagos, directors of the insurance company said the rebranding of the company and appointment of new management reflected the company’s commitment to long-term growth.

    At the meeting, shareholders ratified the appointment of Mr Samuel Ogbodu as the Managing Director of SUNU Assurances Nigeria and Mr. Adeleke Hassan as Executive Director, Technical and Operations.

    “This is in line with the company’s vision of growing its business consistently over the next five years to become one of Nigeria’s 10 largest underwriting companies,” the company stated.

    The company’s rebranding activities involved both internal and external communication strategies to inform stakeholders and the general public of the change of name and to raise awareness of the introduction of the SUNU Group’s presence in Nigeria.

    According to the company, the rebranding not only included a change in the company’s aesthetics but also in critical service functions and delivery as the company is focused on leveraging technology to provide quality insurance offerings to its various customers reflecting its pan African presence as a full-fledged member of the SUNU Group.

    The company stated that the rebranding was strategic and designed to align with the exemplary brand of the parent company, SUNU Group.

    It is worthy to note that SUNU Group is a foremost Pan-African Insurance Group with asset base of over $623 Million and operations in 14 African Countries and 23 office locations spanning West and Central Africa.

    “SUNU Assurances Nigeria Plc is therefore positioned to leverage on SUNU Group’s vast network of knowledge capital, financial strength and technical resources in our quest to differentiate its offerings and service standards in the Nigerian marketplace,” the company stated.

    In addition to strengthening the company’s Balance sheet, the partnership with SUNU Group is expected to provide SUNU Assurances Nigeria with critical organizational capabilities and competencies which would be harnessed to create and deliver value to its esteemed clients.

    SUNU Assurances Nigeria reassured shareholders of its commitment to keep providing tailor-made products and better service on which SUNU Group have built their reputation across Africa.

     

  • Sunu Assurances: Post five-year decline in financial result

    Sunu Assurances Nigeria Plc, a member of SUNU Group,has consistently recorded a decline in its financial results as shown in the 2014, 2015, 2016, 2017 and 2018 audited accounts.

    Except in 2017 when the company posted a PBT of N28.5 million and an increase in Gross Premium Written of N67 million and a financial asset of N2.9 billion, other indices in the financial years under review took a downward trend.

    Shareholders fund was not spared from the decline as it consistently decreased except in 2015.

    Extracts from the audited account obtained from the company’s website showed while the company recorded N161 million PBT in 2014, it recorded N717 million loss before taxation in 2015, N1.48 billion million loss in 2016, N28.5 million profit before tax in 2017 and N39.4 million loss in 2018.

    In the same vein, the company recorded a decline in its Gross Premium Written. While it recorded N3.4 billion in 2014, it recorded N2.4 billion in 2015, N2 billion in 2016, N2.67 billion in 2017 and N2.5 billion in 2018.

    In 2014, the company’s shareholder’s fund which stood at N3.4 billion, rose to N5.1 billion in 2015 but further declined to N4.9 billion in 2016, N3.8 billion in 2017 and N3.7 billion in 2018.

    Consequently, the company’s share price based on Stock Exchange Quotation Share showed decline from 50 kobo in 2017 to 20 kobo in 2018.

    According to a statement on the company’s website, the board and management have the vision to be a leading African insurance company.

    The statement read: “It is on a mission to be an insurance company recognised for excellent client services, using cutting edge technology, motivated workforce and good business ethics to meet stakeholders’ expectations. This will be driven by innovation in service delivery, products development, cost management, customers experience and ensuring proper balance in all dealings. SUNU Assurances Nigeria Plc preserves and multiplies value of shareholders and ultimately maintains a consistent dividend payment policy.”

    Company history

    “SUNU was incorporated as Equity Assurance Nigeria on December 13, 1984 and was licensed to underwrite all classes of general business. SUNU Assurances Nigeria Plc is the parent company of SUNU Assurances Limited, a Ghanaian subsidiary that started operations in Ghana in 2008. The company changed its name from Equity Assurance Plc to SUNU Assurances Nigeria Plc with due approval from the shareholders and its regulator, NAICOM.  The approval was dated  March 29, 2018 and a new licence as issued by NAICOM.

    “The name change was necessitated as a result of SUNU Group’s recent acquisition of majority stake in Equity Assurance Plc. With operations in 14 African countries and 23 office locations spanning West and Central Africa, SUNU Assurances Nigeria Plc. is positioned to leverage SUNU Group’s vast network of knowledge capital, financial strength and technical resources in our quest to differentiate our offerings and service standards in the Nigerian marketplace.

    ‘’In addition to strengthening the company’s balance sheet, this strategic investment and name change also provides SUNU Assurances Nigeria Plc. with critical organisational capabilities & competencies which will be harnessed to create and deliver value to our esteemed brokers and clients. This new name reflects its pan African presence as a full-fledged member of the SUNU Group. The company will continue to operate in its current structure, and our phone contacts remain unchanged. Other than the name change, there is no change in management and we will be providing tailored-made products and better service on which SUNU Group has built its reputation across Africa’’.

    Mr. Bukar is currently the Chairman of NESG and former MD CSCS while Mr. Samuel Ogbodu is a chartered insurer and a member of the Society of Fellows of the Chartered Insurance Institute of Nigeria.

    The only Executive Director of the company is Mr. Karim-Franck Dione who was appointed in 2015. Dione is a Business Professional with over 10 years work experience in Canada and France.  He currently serves as Director, Management Accounting & Financial Management in Sunu Participations Holding (France) and is also a board member.