Photo caption, left to right: M. Mahboob Ali Khan,  Managing Director, Insurance & Risk Mitigation, Abdul Latif Jameel; Mr. Hironari Iwakuma, Managing Director & CEO, Tokio Marine Middle East; Hassan Jameel, Deputy President & Vice Chairman, Abdul Latif Jameel; Mr. Kentaro Kita, CEO, Alinma Tokio Marine Company, and Turki Salman Alsudairy, CEO, Abdul Latif Jameel Insurance
  • Abdul Latif Jameel welcomed Managing Director and CEO of Tokio Marine Middle East Limited and CEO of Alinma Tokio Marine Company to mark its 55-year-relationship with the Japanese insurance provider
  • Celebration ceremony took place on October 26, 2022 in the Saudi capital
  • Alinma Tokio Marine Company, a Joint Venture between Alinma Bank and Japan’s largest insurance provider, Tokio Marine and Nichido Fire Insurance Co., Ltd., has recently renewed an insurance coverage agreement with Abdul Latif Jameel.

Abdul Latif Jameel, an independent, family-owned, diversified global investor and operator, and Tokio Marine Group, Japan’s largest insurance provider, celebrated the firms’ 55-year relationship. 

Over the last five decades, Tokio Marine has supported Abdul Latif Jameel during a number of complex claims and insurance cycles.  This includes periods of both hard market conditions and a more difficult global insurance environment as a result of economic downturns.

Hassan Jameel, Deputy President and Vice Chairman of Abdul Latif Jameel, welcomed Hironari Iwakuma, Managing Director and CEO of Tokio Marine Middle East Limited, and Kentaro Kita, CEO of Alinma Tokio Marine Company, to commemorate the occasion which follows the recent renewal of an insurance agreement with Abdul Latif Jameel for one year starting from April 1, 2022.

Hassan Jameel said:

Abdul Latif Jameel shares a long and special history with Japan that has spanned nearly 70 years.  Our relationship with Tokio Marine is testament to our dedication to working with best-in-class international partners to provide world-class products and services that deliver measurable economic and societal benefits. We look forward to continuing to build upon our shared successes so far and further strengthening our partnership in the years to come.”

Iwakuma-san said:

“Tokio Marine was established in 1879 and celebrated its 143rd anniversary in August. Our 55-year relationship with Abdul Latif Jameel is one of the oldest in our global operations. The recent celebration is a reminder of all that we have achieved together since 1967 and inspires us towards the next chapter in our shared journey.”

Kita-san added:

Abdul Latif Jameel has been our client at Alinma Tokio Marine since the start of the company in 2012. This has been a cherished relationship that we inherited from Tokio Marine’s previous operations in the Kingdom. We are deeply committed to working alongside companies that share our vision to develop products and services that deliver real impact to clients, but also towards the continued advancement of our sector.”

Tokio Marine Group is a multinational insurance group owned by Tokio Marine Holdings, Inc. headquartered in Tokyo, Japan. It is the oldest and largest property and casualty insurance group in Japan and operates in Japan and 46 countries and regions worldwide with over 43,000 employees.

Alinma Tokio Marine was established in the Kingdom in 2012, and its major shareholders are Tokio Marine and Alinma Bank. It has over 130 employees with branches in Riyadh, Jeddah, and Khobar.