The Board of Directors and Management of SUNU Assurances Nigeria Plc has accepted the resignation of Morufu Apampa who put to rest his service as the Managing Director/Chief Executive of the company.
In a notification to the Nigerian Stock Exchange (NSE), the company disclosed that Apampa’s resignation took effect on November 30, 2018.
Consequently, the Executive Director, Technical and Operation, Samuel Ogbodu has assumed the role of the company’s the Managing Director/Chief Executive. This, the company stated was in line with the provisions of the National Insurance Commission (NAICOM) Code of Corporate Governance.
Therefore, the company’s Board of Directors would within the period of 90 days appoint a substantive Managing Director/CEO for the company.
Morufu Apampa’s profile
Morufu Apampa was the MD/CEO of SUNU Assurances Nigeria Plc., a member of SUNU Group. He is a Chartered Insurer and a member of the Society of Fellows of the Chartered Insurance Institute of Nigeria and a highly seasoned marketer with industry experience of over two decades.
Apampa started his career as a broker in T.A. Braithwaite Insurance Brokers & Co. and later joined ELMAC Assurance Company Limited as Marketing Manager in 2000. He thereafter moved to Lexington INT’L Insurance Company Limited where he provided leadership in new business development and directed the company’s marketing activities.
Prior to joining SUNU Assurances Nigeria Plc., he was a General Manager/Divisional Head, Non-Life business at AIICO Insurance Plc. He has a track record of business development and management of financial budgets. As a consummate strategist and change agent, Apampa designed and packaged new products that have continued to add value to present and previous organizations in terms of profitability and market share. While at AIICO Insurance Plc, he led the marketing team by increasing gross premium and profit by over 300%.
Apampa is an alumnus of Lagos Business School and Howard University Business School, Washington DC, USA. More so, he has attended several courses both locally and abroad on Oil and Gas, Reinsurance, Strategy & Management.
About SUNU Assurances Nigeria Plc
SUNU Assurances Nigeria PLC, formerly Equity Assurance Plc, is a Nigeria-based insurance company. The Company’s principal activity is the provision of non-life insurance business, health management, and financial services to corporate and retail customers in both Nigeria and Ghana, respectively.
The Company’s segments include Non-Life, Asset Management and Health Management. Its insurance services include Consequential Loss Insurance, Burglary Insurance, Householder’s Insurance, Goods in Transit Insurance, Public Liability Insurance, Products Liability Insurance, Aviation Insurance, and Fidelity Guarantee Insurance.