November 2021:

As of Friday 5th November 2021, the acquisition-sale transaction was finalised between the SUNU and Allianz groups and Allianz Congo Assurances is officially part of the SUNU Group.

The SUNU Group continues its development with the creation of a Non-Life company in the Democratic Republic of Congo.

January 2019: Acquisition of Allianz Africa's shareholdings in 6 subsidiaries based in Benin, Burkina Faso (Life/P&C), Mali, Togo. This acquisition also includes the merger of the Allianz subsidiary in the Central African Republic with Sunu Assurances IARD Centrafrique. In the same year, BPEC in Togo changed its name to SUNU Bank Togo.

September 2018:

Acquisition of Banque Populaire pour l'Epargne et le Crédit (BPEC) of Togo by SUNU Group.

Name change of the English-speaking companies Equity Assurance to SUNU Assurances.

June 2017: SUNU Santé, incorporated in December 2016, is registered in Togo. The mission of SUNU Santé is to manage the Health insurance contracts issued by General insurance companies of SUNU Group.

July 2017: Incorporation of SUNU Assurances IARD Cameroon following the recapitalisation of the company CAMINSUR.

July 2017: Incorporation of SUNU Investment Holding SA that will be in charge of the bank holdings of SUNU Group.

December 2016: Avie and SUNU Assurances Vie Benin merge and become the biggest Health insurance company in Benin.

January 2015: Rebranding of the 16 subsidiaries of SUNU Group now called SUNU Assurances.

October 2015: Merger of LMAI Vie and SUNU Assurances Vie henceforth to form SUNU Assurances Vie Côte d’Ivoire.

December 2015: Incorporation of a new General insurance company in Gabon: SUNU Assurances IARD Gabon.

July 2014: Launch of SUNU Assurances Vie Burkina Faso (former UA-Vie Burkina Faso).

September 2014: Rebranding of SUNU Assurances Holding SA henceforth called SUNU Participations Holding SA.

April 2013: Rebranding of SUNU Assurances Abidjan henceforth called SUNU Services.

January 2012: SUNU Assurances Abidjan was launched with the aim to group together all the central departments of SUNU Group.

July 2012: Launch of SUNU Assurances IARD Mali (ex UA-IARD Mali) and SUNU Assurances Guinée (ex UA-IARD Guinée).

July 2010: SUNU Assurances and SUNU Finances, the two holding companies are transferred to France. Their new corporate names are now respectively SUNU Assurances Holding S.A and SUNU Finances Holding S.A.S. Both companies that were until now incorporated under Luxembourg law, have turned into French law, respectively as a public company and a simplified joint-stock company.
Both companies moved their head offices to France. The operation was allowed by the authorities of France and Luxembourg and took place in accordance with both countries legislations. This process, during which the legal personality of the companies was preserved, came into effect on 19 August 2010 when SUNU Assurances Holding S.A and SUNU Finances Holding S.A.S got registered with the Registry of Companies of Creteil (RCS Creteil) where they are headquartered.

December 2010: SUNU Assurances Holding SA proactively dissolved its daughter company SUNU Gestion SAS. After taking over the shares of SUNU Finances and after the universal transmission of its assets to SUNU Assurances Holding SA, the latter became the sole partner of the former in accordance with the provisions of article 1844-5 paragraph 3 of the civil code.

SUNU Finances bought out the shares of Société d’Investissement S.A in SUNU Assurances Holding S.A.

SUNU Group acquired 45% of SUNU Assurances IARD Burkina Faso (ex RAYNAL S.A.).

Acquisition of three Life insurance daughter companies of AXA in Côte d’Ivoire, Cameroon and Gabon. The three companies, formerly known as Union des Assurances de Côte d’Ivoire Vie (UA-Vie), Union des Assurances du Cameroun Vie (UACam-Vie), Union des Assurances du Gabon Vie (UAG-Vie) have been respectively rebranded as SUNU Assurances Vie Côte d’Ivoire, SUNU Assurances Vie Cameroun et SUNU Assurances Vie Gabon.
SUNU Group also acquired 40% of SUNU Assurances IARD Togo, formerly called UAT-IARD.

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

SUNU Finances created SUNU Assurances Holding S.A, a 1929 holding company in Luxembourg and transferred all its daughter insurance companies to SUNU Assurances Holding S.A.

SUNU Finances sold 49% of the shares of SUNU Assurances to its partner Société d’Investissement (S.I.). The entry of S.I in SUNU Assurances capital boosted the external growth of SUNU Group. 

Around the same time, SUNU Group acquired two subsidiaries of Les Mutuelles du Mans in Côte d’Ivoire. The two companies formerly called Le Millénium Assurances Internationales-IARD (LMAI-IARD) et Le Millénium Assurances Internationales-Vie (LMAI-Vie) have been respectively rebranded as SUNU Assurances IARD Côte d’Ivoire and SUNU Assurances Vie Côte d’Ivoire.

On the other hand, after the increase of SUNU Gestion capital, SUNU Assurances now holds 80 of its shares.

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

SUNU Finances (parent company of SUNU Group), acquires 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.

SUNU Finances created SUNU Gestion, a sole proprietorship limited liability company based in France. SUNU Finances provides technical support to the insurance companies of SUNU Group.

Pathé DIONE and other partners created the company SUNU Finances Holding SA domiciled at Banque Bruxelles Lambert Trust (BBL, now known as ING Trust) in Luxembourg. The company benefits from special tax status and operates under the 1929 holding regime.
First the company was created by two firms (LOVETTE Overseas SA et GREBELLE Investments SA) of the domiciliary agent (BBL); then the shares were transferred to the historical shareholders in 1999.
In November, SUNU Finances and AXA-UAP signed a memorandum of agreement allowing SUNU Finances to gradually acquire the companies in Africa AXA would like to dispose of.