Allianz SE is said to be in talks to end its longstanding joint ventures with Bajaj Finserv Ltd. in India, specifically regarding Bajaj Allianz Life Insurance Co. and Bajaj Allianz General Insurance Co.
It is reported that the German insurer is unhappy with its partner's refusal to allow an increase in stake at a discounted price and the lack of influence in strategic decisions. The potential exit reflects ongoing tensions within the partnership, as Allianz aims for more control and flexibility in its operations in the Indian market.
The situation is still evolving, and further developments are expected as negotiations continue.