Allianz Europe B.V. and Jio Financial Services Ltd (JFSL) have formally incorporated their reinsurance joint venture in India, naming the new entity Allianz Jio Reinsurance Ltd (AJRL).
AJRL will engage in the business of reinsurance in India, subject to final regulatory approvals.
Both partners will hold equal stakes, with an initial subscription of ₹2.5 lakh through 25,000 equity shares of ₹10 each.
Allianz and Jio first announced plans for the 50:50 joint venture in July 2025.
The companies said the transaction does not constitute a related-party arrangement, and none of JFSL’s promoter or group entities have any interest in the venture.
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