Update on Jio Financial, the company gave important information in the filing, keep an eye on the stock:

News Topical, Digital Desk : A new domestic re-insurance company “Allianz Jio Re-insurance Limited” (AJRL) has been established in India in collaboration between Jio Financial Services Ltd and Allianz Europe BV. The company is officially registered on September 8, 2025 and aims to develop India's re-insurance business, subject to regulatory approval.

Jio Financial will hold a 50% stake in this joint venture, for which the company has invested ₹2.50 lakh. AJRL has been formed after receiving a no-objection certificate from the Insurance Regulatory and Development Authority of India (IRDAI).

Jio Financial's non-profit policy explains that this transaction does not fall between related parties and there is no personal benefit to the promoter, promoter group or group companies of the company. The partnership aims to combine high-level re-insurance capabilities in India's fast-growing insurance market with digital expertise and Allianz's global underwriting capability. The new company will benefit from Allianz's expertise of over 25 years of re-insurance services in India. Isha Ambani, Director ,

Global Defense Solutions Jio Financial, said that this partnership is an important step to broaden insurance access in the country, in line with the national target of "Insurance for All by 2047". Allianz CEO Oliver Bate also described this collaboration as a major game changer in providing reliable and high-quality business services in the Indian market. This joint venture can usher in a new era for the Indian insurance industry, strengthening risk management and providing global defense solutions to customers.