While other companies may be thinking of laying off staff, SUNU Assurances Nigeria Plc, a member of SUNU Group, has promoted 37 workers for their hard work and dedication.

The promotion, which took effect from last month, is part of efforts to encourage outstanding members of staff to keep up the hard work and remain dedicated and focused on the organisation's goals.

The Managing Director, Mr. Samuel Ogbodu, said the promotions, ranged from executive to senior manager levels, in various departments.

He stated that the company, which has the vision to be a leading African insurance company recognised for excellent client services, using cutting-edge technology, motivated workforce and good business ethics to meet stakeholders' expectations.

He said: 'This is a necessary step in rewarding high-performing employees who have been the backbone of the company through the years.

These promotions reflect SUNU Assurances' commitment to excellence as we strive to build a high-performing team that requires we recruit, retain and recognise individuals for their sterling contributions.

The members of staff who were promoted exemplify our highest standards of integrity. They're passionate team players who consistently develop new strategies that exceed clients' expectations while growing our business.

'The company is in the process of finalising its recapitalisation as mandated by the National Insurance Commission.

Although the deadline for the recapitalisation exercise has been extended to December 2020, the company aims to hit its target before the set deadline.

'SUNU was incorporated as Equity Assurance Nigeria on December 13, 1984 and was licensed to underwrite all classes of general business. It operates with a recently increased authorised share capital and shareholders fund.

SUNU Assurances is the parent company of SUNU Assurances Limited, a Ghanaian subsidiary, that started operations in Ghana in 2008.''

© Pakistan Press International, source Asianet-Pakistan