Sun Insurance Announces Board Changes to Strengthen Governance and Growth

Sun Insurance Company Ltd has announced changes to its Board of Directors as part of ongoing efforts to enhance governance and drive strategic growth.

The company has welcomed two new members: Colonel Sakiusa Raivoce, Deputy Chairman of Fijian Holdings Ltd, and Vilash Chand, Deputy Chairman of HFC Bank. Both appointments are subject to final approval by the Reserve Bank of Fiji.

Colonel Raivoce joins as an Independent Director, bringing years of leadership and corporate governance experience. His appointment, according to Sun Insurance, reflects the company’s commitment to transparency and robust board oversight.

Vilash Chand has been appointed as the representative of the Unit Trust of Fiji, the company’s third-largest shareholder. His extensive financial and investment management expertise is expected to support the company’s strategic planning and risk management efforts.

Chairman of Sun Insurance, Padam Lala, expressed confidence in the new additions, stating:

“Their distinguished careers in leadership and financial services will undoubtedly strengthen our Board’s capabilities. We are excited about the innovative opportunities ahead.”

The company also acknowledged the departure of Mr. Inia Naiyaga, who served on the Board since 2018. He was praised for his steady leadership and commitment to advancing Sun Insurance’s goals during his tenure.

Sun Insurance said the refreshed Board will help steer the company towards long-term success, with continued focus on governance, customer service, and expanding insurance offerings in an increasingly competitive market.