Company history

2025

October: BICIS officially becomes SUNU Bank Senegal, the second-largest bank in the SUNU Group.

2024

December: Establishment of SUNU Réassurance, a company whose mission is to manage the reinsurance operations of the Group's companies.

2023

November: SUNU DigiTech was founded as a service provider specializing in information systems (IS), digital transformation, and organizational development for all of the Group’s Insurance, Banking, and Healthcare subsidiaries.

2022

February: Establishment of an insurance company in Mauritania offering life and property and casualty insurance, SUNU Assurances Mauritanie

July: Acquisition of BNP Paribas Group's shares in its subsidiary BICIS in Senegal

2021

November: Acquisition of Allianz Congo, now SUNU Assurances IARD Congo

2020

March: The SUNU Group continues to expand with the creation of SUNU Assurances IARD RDC in the Democratic Republic of the Congo.

March: BEPC changes its name and becomes the SUNU Group’s first bank, SUNU Bank Togo

2019

Acquisition of five subsidiaries of Allianz Africa in Benin, Burkina Faso, Mali, Togo, and the Central African Republic.
Establishment of a life insurance company in Guinea, SUNU Assurances Vie Guinée.
Acquisition of Attica, a company specializing in equity investments and financing, now known as SUNU Gestion d’Actifs.

2018

May: Acquisition of Banque Populaire pour l'Epargne et le Crédit (BPEC) of Togo.

September: The companies Equity Assurance have changed their names to SUNU Assurances in Ghana, Liberia, and Nigeria.

2017

June: SUNU Santé was founded to manage corporate healthcare budgets and the healthcare portfolios of insurance companies. The goal is to make it easier for patients to access care.

July:Incorporation of SUNU Assurances IARD Cameroon following the recapitalisation of the company CAMINSUR.

July: Incorporation of SUNU Investment Holding SA that will be in charge of the bank holdings of SUNU Group.

2016

January: Acquisition of the three Equity Assurance companies in Nigeria, Ghana, and Liberia

Décember: Avie and SUNU Assurances Vie Benin merge and become the biggest Health insurance company in Benin.

2015

January: Rebranding of the 16 subsidiaries of SUNU Group now called SUNU Assurances.

October: Merger of LMAI Vie and SUNU Assurances Vie henceforth to form SUNU Assurances Vie Côte d’Ivoire.

Décember: Establishment of two property and casualty insurance companies, SUNU Assurances IARD Gabon and SUNU Assurances IARD DRC

2014

Launch of SUNU Assurances Vie Burkina Faso (former UA-Vie Burkina Faso).

Acquisition of a property and casualty insurance company in Senegal

2012

SUNU Services was launched with the aim to group together all the central departments of SUNU Group.

Launch of SUNU Assurances IARD Mali (ex UA-IARD Mali) and SUNU Assurances Guinée (ex UA-IARD Guinée).

2005

​Acquisition of three AXA life insurance companies and one property and casualty insurance company in Togo.
Establishment of a property and casualty insurance company in Burkina Faso.

2004

Acquisition of a stake in a life insurance company in Côte d’Ivoire and Benin: Union des Assurances de Côte d’Ivoire Vie (UA-Vie), now known as SUNU Assurances Vie Côte d’Ivoire, and Avie in Benin.

2002

Takeover of Alliance Africaine d’Assurances Vie (3A-Vie) after its recapitalisation.

2001

Acquisition of the two subsidiaries of Mutuelles du Mans in Côte d’Ivoire, formerly known as Le Millénium Assurances Internationales-IARD (LMAI-IARD) and Le Millénium Assurances Internationales-Vie (LMAI-Vie), which have been renamed SUNU Assurances IARD Côte d’Ivoire and SUNU Assurances Vie Côte d’Ivoire, respectively.

2000

Incorporation of SUNU Assurances Vie Niger (ex UGAN-Vie) in partnership with some local banks.

1999

​Establishment of SUNU Finances, the parent company of the SUNU Group.

In September, SUNU Finances acquired the five subsidiaries of AXA-UAP Group that follow:

  • CSAR-Vie in Senegal renamed UASen-Vie and now called SUNU Assurances Vie Sénégal.
  • SUNU Assurances Vie Togo (ex UAT-Vie) in Togo,
  • SUNU Assurances Vie Bénin (ex UBA-Vie) in Benin,
  • SUNU Assurances IARD Centrafrique (ex UAC-IARD) in Central African Republic.
  • SUNU Assurances IARD Niger (ex UGAN-IARD) in Niger.

1998

Mr. Pathé DIONE founded the SUNU Group with former colleagues, with the goal of becoming the leading African financial services group through its financial strength and professionalism.