India, March 19 -- German financial services company Allianz SE may now be looking to tie up with billionaire Mukesh Ambani's Jio Financial Services for a second shot in the domestic life and general insurance market.

This comes after Allianz ended its 24-year-old insurance joint venture with the Bajaj Group on Monday, according to an Economic Times report.

HT.com cannot independently verify the authenticity of the information in the report.

Reliance and Allianz executives had been holding talks for several months regarding a potential partnership, which intensified after Allianz considered the exit, the report said.

The Munich-based group also wants to be a minimum 50% partner in any such new ventures and is even open to a larger sta...