Equity To Become SUNU Soon

– Following Final Takeover

The management of Equity Assurance Limited has disclosed that the company will in the soonest possible period of time be renamed SUNU Assurances following final paper works.

Equity Boss Mr. Mathieu

It could be recalled that Equity Assurance was in 2015 unanimously named insurance company of the year by a civil society watch dog organization for exemplifying international insurance best practices in Liberia.

Speaking at a news conference at the weekend, the Chairman of the Board of Directors of Equity Assurance Company, Steve Kolubah, said the decision is as a result of a large share bought by SUNU Group.

It can be remembered that SUNU Assurance Group in the early part of this year secured a 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 disclosed.

In addition to the takeover by SUNU, Kolubah revealed that a new management team headed by 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, new MD and CEO N’Katta said SUNU Group was founded in 1998 and is currently in 14 African counties in Africa.

He said as part of its commitment, SUNU has always proven to improve its 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 stated.

Following its final takeover in July, he vowed that SUNU-Liberia would be committed in exercising its corporate social responsibility in a bid to change lives.

“We are here for Liberians and we are here to better up their lives. We want to make a difference in improving the standard of living of Liberians,” he said.

N’Katta promised to prioritize the employment of Liberians at the entity as part of the company’s quest to create jobs for the 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 in. That will not be a different case here,” he among other thing added.

Alphonso Toweh

Has been in the profession for over twenty years. He has worked for many international media outlets  including: West Africa Magazine, Africa Week Magazine, African Observer and  did occasional reporting for CNN, BBC World Service, Sunday Times, NPR, Radio Deutchewells, Radio Netherlands. He is the current correspondent for Reuters 
 He holds first  MA with honors in International  Relations and a  candidate for second master in International Peace studies and Conflict  Resolution from the University of Liberia.