Alliance Insurance Brokers names Aatur Thakkar CEO

MUMBAI: Alliance Insurance Brokers Private Limited has ushered in a new chapter by appointing Aatur Shashikant Thakkar as its chief executive officer and principal officer. The move signals a generational shift at one of India’s leading insurance and reinsurance brokerage firms, with growth firmly at the centre of the agenda.

Thakkar takes over from founder Shashikant Thakkar, who steps aside after building Alliance into a trusted name in insurance services and risk management. The founder will continue to play an active role, offering strategic guidance as the company sharpens its expansion plans.

The new CEO is clear about his ambitions. Over the next three financial years, Alliance aims to scale premiums under management to Rs 5,000 crore, while doubling the size of its reinsurance business. The strategy rests on widening the company’s reach across corporate insurance, B2B channels, strategic partnerships and digital platforms, all designed to keep growth steady and sustainable.

Commenting on the appointment, Alliance director Shashikant Thakkar, said Aatur’s long association with the firm made him a natural choice. Having grown within the organisation, he brings both continuity and a fresh perspective to the role.

For his part, Aatur Thakkar struck an upbeat note. He described the moment as both an honour and a responsibility, adding that Alliance is entering a decisive phase driven by scale, innovation and disciplined execution. The company closed FY25 with premiums under management of over Rs 1,500 crore and is targeting Rs 2,500 crore by the end of FY26.

With more than two decades at Alliance, Thakkar knows the business from the inside out. His blend of institutional memory and forward-looking ambition positions him to steer the firm through its next growth cycle, making insurance sound, if not thrilling, then at least a lot more interesting than before.