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Allianz Forms Reinsurance Joint Venture in India
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ALV-has found a new partner in India. With financial services provider Jio Financial ServicesJIOF.NS, Allianz initially establishes a joint venture in reinsurance, as the two groups announced.BAS-has asked the bidders for its coating business to submit offers next monthDB1 London Stock Exchange is considering launching 24h trading, FTDHER-Prosus NV has offered to sell its stake in Delivery Hero SE in order to pave the way for regulatory approval…
Allianz Forms Reinsurance Joint Venture in India
Munich-based Allianz has announced the establishment of a new India joint venture shortly after selling its stake in a separate one earlier this year. Allianz and Mumbai-headquartered Jio Financial Services have entered a binding agreement to form a 50:50 domestic reinsurance joint venture in India, according to a statement. The venture will launch after receiving statutory and regulatory approvals. The two have also entered a non-binding agreem…
In March 2025, Allianz had to sell its shares in successful joint ventures in India. There were disagreements with the majority owner, the industrial group Bajaj. Now the Munich insurer is making a new start in one of the most important markets in the world: it creates a reinsurance joint venture with the broker and financial service provider Jio Financial Services. In addition, the two sides are examining the entry into the [...]
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