Reinsurance News
Jio Financial Services Limited
Allianz & Jio Financial Services to establish joint venture offering general and health insurance
22nd April 2026
Allianz Group, through its wholly-owned subsidiary Allianz Europe B.V., has entered into a binding agreement with Jio Financial Services Limited (JFSL) to form a 50:50 primary insurance joint venture offering general and health insurance. This agreement formalises a partnership first announced in July 2025, by establishing a domestic reinsurance joint ... Read the full article
Allianz Jio Re commences operations in India
26th March 2026
Allianz Jio Reinsurance Limited (Allianz Jio Re), the joint venture of Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V., has commenced its operations, including underwriting reinsurance in India, effective immediately. Allianz Jio Re, led by Sonia Rawal as Chief Executive Officer (CEO), combines ... Read the full article
Jio Financial invests ₹147.45 crore in JV Allianz Jio Reinsurance
6th March 2026
Jio Financial Services Limited has subscribed to and has been allotted 14,74,50,000 equity shares worth ₹10 each of its joint venture Allianz Jio Reinsurance Limited, according to a filing with the National Stock Exchange of India Limited (NSE). With the latest investment, Jio Financial's total aggregate investment in the previously ... Read the full article
Allianz and Jio formalise Indian reinsurance joint venture
11th September 2025
Allianz Europe B.V. and Jio Financial Services Ltd (JFSL) have formally incorporated their reinsurance joint venture in India, naming the new entity Allianz Jio Reinsurance Ltd (AJRL). The joint venture received its certificate of incorporation from the Ministry of Corporate Affairs on September 8, 2025, following a no-objection certificate from the ... Read the full article
India strategy shifts from investor to domestic operator: Allianz CEO
7th August 2025
Following the sale of its 26% stakes in its Indian life and non-life insurance joint ventures and a binding agreement to form a 50:50 reinsurance venture, Allianz CEO Oliver Bäte said the group always intended to run a domestic business rather than remain a passive investor, and is now looking ... Read the full article
Allianz and Jio Financial Services to launch jointly owned reinsurance venture in India
21st July 2025
Jio Financial Services Limited (JFSL) and Allianz Group, through its wholly owned subsidiary, Allianz Europe B.V., have entered into a binding agreement to form a 50:50 domestic reinsurance joint venture, marking entry into the Indian high-growth insurance market. Through the new partnership, the pair aim to bring together JFSL’s local market ... Read the full article
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