The Management of Equity Assurance Limited discloses that the company will shortly be renamed SUNU Assurances following final paper works here.
Speaking in a news conference over the weekend, the Chairman of the Board of Directors of Equity Assurance Company, Steve Kolubah, says the decision is the result of a large share bought by SUNU Group.
SUNU Assurance Group early this year secured 63 percent ownership of Equity Assurance, which accounts for US$566,540 worth of shares bought by the French-based insurance giant.
“With the approval of the Central Bank of Liberia, Equity will be called SUNU-Liberia Limited at the end of July. SUNU is a big brand in Africa,” the Equity Board Chair discloses.
Besides the takeover by SUNU, Kolubah also reveals that a new management team headed by Mr. Mathieu N’Katta as Managing Director and Chief Executive Officer (CEO) has taken over following the reign of an interim management team.
Also speaking at the news conference, CEO N’Katta says SUNU Group was founded in 1998, and is currently in 14 African counties. He says as part of its commitment, SUNU has always observed best practices in the insurance sector.
“We have over the years tried as best as possible to come close to our clients for convenience services,” N’Katta states.Following the final takeover in July, he vows that SUNU-Liberia would be committed to exercising its corporate social responsibility in a bid to change lives.
“We are here for Liberians and we are here to better their lives. We want to make a difference in improving the standard of living of Liberians,” he adds.N’Katta promises to prioritize employment of Liberians at the entity as part of the company’s quest to create jobs for locals.
“We are going to give Liberians first priority when it comes to employment. This is what we usually do in the countries that we have been operating. That will not be a different case here,” he promises.
-Editing by Jonathan Browne