- German insurer Allianz (OTCPK:ALIZF) re-entered the Indian market by forming a 50:50 joint venture with Jio Financial Services to create a domestic reinsurance company.
- This comes after Allianz’s (OTCPK:ALIZF) exit earlier in 2025 from its longstanding 24-year joint venture with Bajaj Finserv, where it sold its 26% stake for $2.8 billion, marking a strategic shift to partner with Jio Financial Services.
- Jio Financial Services, spun off from Reliance Industries and listed publicly last year, is rapidly expanding its financial services portfolio, including digital banking and asset management partnerships.
More on Allianz
- Allianz: A Solid Start For The Year, But What More Can Go Right?
- Allianz: The Insurance Giant Redefining Tomorrow’s Protection
- Allianz: Combining Dividend Reliability With Growth Opportunities
- These foreign financial stocks are winners in 2025 and might have more room to run
- These Buy-rated European insurance companies have dividend yields of more than 4%
