German insurer Allianz has formed an equally-owned reinsurance joint venture in India with Reliance Group-owned Jio Financial ...

The companies also reached a non-binding agreement to form JVs for general and life insurance businesses in India.

The Jio-Allianz reinsurance JV signals rising competition in India’s Rs 98,000-crore market, challenging GIC Re’s dominance. With GIC’s market share falling to 51% and foreign reinsurers gaining ...

Jio Financial Services Limited (JFSL) shares traded higher at ₹317.40, up 0.17 per cent, following the announcement of a ...

Allianz and Jio Financial Services are partnering for reinsurance in India. The 50:50 venture aims to deepen their presence.

Allianz has announced plans to establish a new 50:50 domestic reinsurance joint venture in India with Mumbai-based Jio Financial Services, marking a fresh strategic move following its recent exit from ...

New private players, including Valueattics Re, Jio Financial Services & Allianz are set to increase competition in India's ...

The reinsurance partnership will bring together JFSL's deep local expertise with Allianz's global reinsurance capabilities ...

The two firms also entered into a non-binding agreement for setting up equally owned joint ventures for both general and life ...

The 50-50 venture combines Jio's local digital footprint with Allianz's global underwriting and reinsurance capabilities, the ...

The Jio Financial-Allianz JV was signed through the German company's wholly-owned subsidiary Allianz Europe BV.

State-owned GIC Re has been the long-dominant player in India's reinsurance market. Although global players like Swiss Re, ...