SUNU Group has officially established its new reinsurance company, SUNU Réassurance, abbreviated as SUNU Ré. This strategic milestone is part of the group’s efforts to enhance the protection of its insurance subsidiaries and bolster its presence in the African insurance market.
The Regional Insurance Control Commission (CRCA) convened on December 10, 2024, in Libreville to deliberate on SUNU Group’s proposal. A delegation led by Mr. Joël AMOUSSOUGOU, Deputy Chief Executive Officer of SUNU Participations Holding SA, presented the case. The commission issued a favorable opinion, approving SUNU Réassurance as the group’s reinsurance arm.
Based in Abidjan, the newly formed company operates as a limited liability entity with a board of directors and a capital of five (5) billion CFA francs. This establishment represents a pivotal move in SUNU Group’s development strategy, aimed at delivering optimal insurance coverage for its diverse subsidiaries.
The CRCA also approved key leadership appointments during the session. Mr. Roland OUEDRAOGO was named Chief Executive Officer of SUNU Réassurance. Mr. Ouedraogo is an experienced actuary who has held senior management roles in various leading pan-African organizations. Additionally, Mr. Issofa NCHARE, a retired international civil servant and former Secretary General of CIMA, was appointed Chairman of the Board of Directors.
About SUNU Group
SUNU Group was founded in 1998 by its President, Papa Pathé DIONE. As a fully integrated pan-African financial services provider, the group operates in 17 countries with a network that spans 26 insurance companies, two banks, two assistance companies, and two specialized firms. In 2023, SUNU Group generated over 500 million euros in revenue and managed more than 1.2 billion euros in assets.
The group’s mission focuses on empowering individuals, families, and organizations across Africa by providing reliable protection and securing the future of their valued assets.
By launching SUNU Réassurance, SUNU Group demonstrates its unwavering commitment to delivering superior insurance solutions tailored to the needs of the African market.
