Alinma Tokio Marine renews insurance contract with Al Jumaiah

Alinma Tokio Marine Co. renewed a general insurance contract with Al Jumaiah Group for one year starting Mar. 1, 2019, the insurer said in a bourse statement on Sunday.

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 51 million.

No related parties are involved in the deal, which is likely to reflect positively on the insurer’s 2019 financials, the statement added.