Congo: Sunu is interested in Allianz

The Sunu Assurance group has initiated a process to take over the subsidiary of the Allianz group in Congo-Brazzaville. The operation remains subject to regulatory approval, according to several sources.

This acquisition will follow that of the German group’s subsidiaries in Benin, Burkina Faso, Mali, Togo and the Central African Republic, which has enabled Sunu to strengthen its presence in these different markets.

As a reminder, Allianz had already announced its intention to separate from entities considered to be the least profitable in order to refocus on high added value markets. The insurer has also entered into an agreement with Jubilee Holdings Limited, the largest insurance group in East Africa, giving priority to this region of the continent.

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