Alliance Insurance Brokers Appoints New CEO, Targets ₹5,000 Cr Premium
Overview
Alliance Insurance Brokers has appointed Aatur Shashikant Thakkar as its new CEO. The move aims to drive the company's next growth phase, targeting Rs 5,000 crore in premiums under management within three years. The firm aims to double its reinsurance business and expand distribution channels.
New Leadership for Growth Ambitions
Alliance Insurance Brokers Private Ltd announced Aatur Shashikant Thakkar as its new Chief Executive Officer (CEO) and Principal Officer. This leadership transition is designed to propel the company into its next phase of expansion. The firm aims to achieve premiums under management exceeding Rs 5,000 crore over the next three financial years.
Aggressive Growth Targets
Thakkar is tasked with strengthening Alliance's market position and accelerating growth. The specific goal is to scale the company's premiums under management to Rs 5,000 crore within three years. Concurrently, the reinsurance business is slated for a two-fold increase. This ambitious plan signals a strategic push for market leadership.
Enhanced Distribution Strategy
Under Thakkar's direction, Alliance plans to deepen its comprehensive distribution strategy. This includes expanding B2B channels, corporate insurance offerings, strategic partnerships, and leveraging digital platforms. The focus remains on driving sustained expansion, fostering innovation, and solidifying market leadership in the competitive insurance brokerage sector.
Financial Outlook
"We closed FY25 with premiums under management of more than Rs 1,500 crore and aims to scale premiums under management to Rs 2,500 crore by the end of FY26," stated newly appointed CEO Thakkar. "Our focus is to strengthen Alliance's position as a leading, future-ready insurance distribution powerhouse, delivering sustained value to our clients, partners, and stakeholders."
