Alinma Tokio Marine renews general insurance contract with Al Jumaiah Group

Alinma Tokio Marine Co. has renewed a general insurance contract with Al Jumaiah Group for one year starting March 1, 2018, the insurer said in a bourse statement.

Under the agreement, Alinma Tokio Marine will provide motor and general insurance coverage to Al Jumaiah Group.

The annual premiums of the deal are estimated at SAR 64.98 million, which is expected to reflect on the insurer’s 2018 financials.

No related parties are involved in the deal, the statement added.