In today’s newsletter, storm clouds gather as parliament begins its monsoon session. But first, Allianz and Jio shake up the ...

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 ...

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

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

Jio Financial Services (JFSL) and Allianz Group (Allianz) announced they have entered into a binding agreement to form a ...

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

Jio Financial and Allianz to form equal reinsurance JV in India; also plan insurance ventures. Alliance aims to tap into ...

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

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

IRDAI’s Regulation 5(i) of the 2022 guidelines permits a foreign investor to act as a promoter in only one company per ...