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[@Vinayak72654177](/creator/twitter/Vinayak72654177)
"Jio Financial Services (JFS) and Germany's Allianz Group announced a 50:50 joint venture (JV) to launch a domestic reinsurance company"  
![@Vinayak72654177 Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1350128664046780417.png) [@Vinayak72654177](/creator/x/Vinayak72654177) on [X](/post/tweet/1948699363406143554) 2025-07-25 10:58:27 UTC XX followers, XX engagements


"Valueattics Re (Fairfax and Oben JV) and Jio-Allianz JV Will give some genuine competition to GIC Re. With increasing competition Reinsurance market expansion will be fast. JFS JV with Allianz are aiming for a composite license (covering both life and general Reinsurance)"  
![@Vinayak72654177 Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1350128664046780417.png) [@Vinayak72654177](/creator/x/Vinayak72654177) on [X](/post/tweet/1948699372579160222) 2025-07-25 10:58:30 UTC XX followers, XX engagements


"The Domestic Reinsurance market is about 50000 crore with the biggest player being General insurance on Indian (GIC) Re with XX% market share. Munich Re Swiss Re etc. are branches of foreign companies operating under Indian licence but with decision making rooted abroad"  
![@Vinayak72654177 Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1350128664046780417.png) [@Vinayak72654177](/creator/x/Vinayak72654177) on [X](/post/tweet/1948699365302042994) 2025-07-25 10:58:28 UTC XX followers, XX engagements