The firm AJRL will make investments an quantity of ₹2.50 lakh in direction of preliminary subscription of 25,000 fairness shares of face worth ₹10 every for 50% stake. File. | Photo Credit: Reuters
The firm AJRL will make investments an quantity of ₹2.50 lakh in direction of preliminary subscription of 25,000 fairness shares of face worth ₹10 every for 50% stake, JFSL stated in a regulatory approval.
AJRL has been integrated pursuant to receipt of no objection certificates from Insurance Regulatory and Development Authority of India, it stated.
The Certificate of Incorporation was acquired from the Ministry of Corporate Affairs, by e mail, on September 8, 2025, it added.
Both the businesses on July 18, had introduced a binding settlement to kind a 50:50 home reinsurance three way partnership to serve the dynamic and high-growth insurance coverage market in India.
The announcement comes months after Allianz parted methods with Bajaj group monetary companies agency Bajaj Finserv.
The reinsurance partnership will convey collectively JFSL’s deep native experience and strong digital footprint with Allianz’s robust underwriting and international reinsurance capabilities, the assertion had stated.
The three way partnership will leverage Allianz’s present Allianz Re and Allianz Commercial portfolios and actions in India. It may also profit from Allianz’s international arrange, together with its pricing, threat choice and portfolio administration experience, it had stated.
Allianz Re has been reinsuring threat in India for over 25 years.
Published – September 09, 2025 10:22 pm IST
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