{"id":354496,"date":"2025-07-25T10:00:23","date_gmt":"2025-07-25T04:30:23","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=354496"},"modified":"2025-07-25T10:00:25","modified_gmt":"2025-07-25T04:30:25","slug":"jsa-advises-allianz-group-reinsurance-joint-venture-jio-financial-services","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/07\/25\/jsa-advises-allianz-group-reinsurance-joint-venture-jio-financial-services\/","title":{"rendered":"JSA advises Allianz Group in relation to their re-insurance joint venture with Jio Financial Services Limited"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">JSA advised Allianz Group on the binding agreement entered between Allianz SE\u2019s wholly owned subsidiary Allianz Europe B.V. (\u201c<span style=\"font-weight: bold;\">Allianz Europe<\/span>\u201d) and Jio Financial Services Limited (\u201c<span style=\"font-weight: bold;\">JFSL<\/span>\u201d) to form a 50:50 domestic reinsurance joint venture in India, subject to receipt of statutory and regulatory approvals.<\/p>\n<p style=\"margin-bottom: 3%;\">JFSL and Allianz Europe also entered a non-binding term sheet for setting up 50:50 joint ventures for general and life insurance businesses in India.<\/p>\n<p style=\"margin-bottom: 3%;\">JSA Transaction Team comprised of Partners, <span style=\"font-weight: bold;\">Venkatesh Raman Prasad<\/span> and <span style=\"font-weight: bold;\">Ronak Ajmera<\/span>, Principal Associate, <span style=\"font-weight: bold;\">Ankita Jain<\/span> and Senior Associates, <span style=\"font-weight: bold;\">Jatin Talwar<\/span> and <span style=\"font-weight: bold;\">Udit Rao<\/span>, with support from Associates, <span style=\"font-weight: bold;\">Stuti Modi<\/span> and <span style=\"font-weight: bold;\">Priyanka Priyadarshini<\/span>.<\/p>\n<p style=\"margin-bottom: 3%;\">JSA direct tax team comprised of Partner, <span style=\"font-weight: bold;\">Kumarmanglam Vijay<\/span> and Associates, <span style=\"font-weight: bold;\">Tejasvi Shukla<\/span>, <span style=\"font-weight: bold;\">Aditya Patadia<\/span> and <span style=\"font-weight: bold;\">Harshita Agrawal<\/span>.<\/p>\n<p style=\"margin-bottom: 3%;\">JSA indirect direct tax team comprised of Partners, <span style=\"font-weight: bold;\">Manish Mishra<\/span> and <span style=\"font-weight: bold;\">Shareen Gupta<\/span>, Principal Associate, <span style=\"font-weight: bold;\">Joybrata Misra<\/span> and Senior Associate, <span style=\"font-weight: bold;\">Tanay Vyas<\/span>.<\/p>\n<p style=\"margin-bottom: 3%;\">JSA Partner, <span style=\"font-weight: bold;\">Sidharth Sethi<\/span>, advised on dispute resolution related issues.<\/p>\n<p style=\"margin-bottom: 3%;\">Our competition team comprising of Partners, <span style=\"font-weight: bold;\">Vaibhav Choukse<\/span> and <span style=\"font-weight: bold;\">Ela Bali<\/span>, Senior Associate, <span style=\"font-weight: bold;\">Aditi Khanna<\/span> advised on anti-trust aspects.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><i>JSA advised Allianz Group on the binding agreement entered between Allianz SE&#8217;s wholly owned subsidiary Allianz Europe B.V. and Jio Financial Services Limited to form a 50:50 domestic reinsurance joint venture in India, subject to receipt of statutory and regulatory approvals.<\/i><\/p>\n","protected":false},"author":67011,"featured_media":354501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[85930,85933,85932,35976,50808,81364,85931],"class_list":["post-354496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-allianz-group","tag-insurance-industry","tag-jio-financial-services","tag-joint-venture","tag-jsa","tag-legal-advisory","tag-re-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JSA Advises Allianz Group on Re-Insurance Joint Venture with Jio Financial Services | SCC Times<\/title>\n<meta name=\"description\" content=\"JSA provided legal advisory to Allianz Group in relation to their 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Ravindra Bhat* and Pamidighantam Sri Narasimha, JJ., reversed the impugned order of National Consumer Disputes Redressal Commission (NCDRC) which allowed the insurance claim of Levi Strauss (India) Pvt. 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Badharudeen, J., exonerated the insurance company, Bajaj Allianz from liability to pay compensation in a motor accident case. The Bench observed, \u201cIn a three wheeler goods carriage, the driver could not have allowed anybody else to share his seat. No other person whether as a passenger\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6305,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/07\/22\/insufficient-explanation-of-inordinate-delay-resulted-in-dismissal-of-appeal\/","url_meta":{"origin":354496,"position":5},"title":"Insufficient explanation of inordinate delay resulted in dismissal of appeal","author":"Sucheta","date":"July 22, 2014","format":false,"excerpt":"National Consumer Disputes Redressal Commission (NCDRC): NCDRC has dismissed an appeal filed by a woman who failed to submit reasonable explanation for delay of more than three years in filing the said appeal. 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