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.

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 ...

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

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

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

Jio Financial Services Limited (JFSL) and Allianz Group, through its wholly owned subsidiary, Allianz Europe B.V., have ...