AXA Cooperative Insurance Co. received on Sunday approval from Abdul Latif Jameel United Leasing Co. and United Installment Sales Co. to renew auto insurance deals with both companies for one year from Jan. 1, 2018. 

 

The revenue generated from the contracts is expected to exceed 5 percent of AXA’s annual gross written premiums, the insurer said in a bourse statement on Monday, adding that financial impact will show in 2018 results. 

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