CHUBB Arabia secures contract from Larsen &Toubro Arabia

CHUBB Arabia says the policy will provide engineering risk coverage in accordance with the agreed terms and specifications.

CHUBB Arabia Cooperative Insurance Co. received an award from Larsen & Toubro Arabia LLC to issue an engineering insurance policy.
 

The policy will provide engineering risk coverage in accordance with the agreed terms and specifications.

 

In a statement to Tadawul, the insurer said the contract value exceeds 5% of its total insurance revenue, based on its audited financial statements for 2025.

 

The company said the contract was awarded and signed on July 23, with a term of 30 months. It expects the agreement to have a positive impact on its financial results for 2026 and 2027.

 

Chubb Arabia confirmed that the contract was awarded on an arm's-length basis in the ordinary course of business, with no preferential treatment granted.

 

There are no related parties to the deal, the statement added.

 

According to data available with Argaam, Chubb Arabia Insurance’s revenue for 2025 amounted to approximately SAR 392.97 million, of which 5% represents around SAR 19.65 million.

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