Jio Financial Services Ltd (JFSL) on Tuesday (September 9, 2025) mentioned the corporate and Allianz of Germany have included a three way partnership firm named ‘Allianz Jio Reinsurance Ltd’ (AJRL) to stick with it the business of reinsurance in India.
The firm AJRL will make investments an quantity of ₹2.50 lakh in direction of preliminary subscription of 25,000 fairness shares of face worth ₹10 every for 50% stake, JFSL mentioned in a regulatory approval.
AJRL has been included pursuant to receipt of no objection certificates from Insurance Regulatory and Development Authority of India, it mentioned.
The Certificate of Incorporation was obtained from the Ministry of Corporate Affairs, by e mail, on September 8, 2025, it added.
Both the businesses on July 18, had introduced a binding settlement to kind a 50:50 home reinsurance three way partnership to serve the dynamic and high-growth insurance coverage market in India.
The announcement comes months after Allianz parted methods with Bajaj group monetary providers agency Bajaj Finserv.
The reinsurance partnership will deliver collectively JFSL’s deep native experience and strong digital footprint with Allianz’s sturdy underwriting and world reinsurance capabilities, the assertion had mentioned.
The three way partnership will leverage Allianz’s current Allianz Re and Allianz Commercial portfolios and actions in India. It will even profit from Allianz’s world set up, together with its pricing, danger choice and portfolio administration experience, it had mentioned.
Allianz Re has been reinsuring danger in India for over 25 years.
