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Jio Financial Services and Allianz Europe Form Allianz Jio Reinsurance Limited in India.

Banking & Finance | Dated: 12 Sep 2025

In September 2025, Jio Financial Services Limited (JFSL) executed a Joint Venture (JV) agreement with Allianz Europe B.V., a wholly owned subsidiary of the Allianz Group, to establish Allianz Jio Reinsurance Limited (AJRL) in India after receiving approval from the Insurance Regulatory and Development Authority of India (IRDAI).

🎯 Key Highlights:

  • - Allianz Jio Reinsurance Limited (AJRL) received its Certificate of Incorporation from the Ministry of Corporate Affairs (MCA) via email on September 8, 2025, marking its formal establishment as a licensed reinsurance company in India.
  • - The shareholding pattern reflects an equal partnership, with JFSL and Allianz Europe B.V. each holding a 50% stake.
  • - JFSL invested Rs. 2.50 lakhs by subscribing to 25,000 equity shares at a price of Rs. 10 per share.

💡 Other Important Facts:

  • (i) The JV aims to strengthen India’s reinsurance sector by combining Allianz’s global experience in pricing, risk selection, and portfolio management with JFSL’s reach and operational expertise in the Indian financial services market.
  • (ii) The collaboration will support the growth of Allianz’s reinsurance and commercial portfolios in India, providing a strong platform for risk management and expanding access to global-level insurance solutions in the domestic market.

📚 Test Your Knowledge:

Recently, Jio Financial Services Limited (JFSL) signed a Joint Venture agreement with which global company to establish Allianz Jio Reinsurance Limited (AJRL) in India?

Correct Answer: Allianz Europe B.V.

🚀 Quick Recap:

About Jio Financial Services

  • CEO: Hitesh Kumar Sethia
  • Headquarter : Mumbai