J.B.Boda Group, Maker Bhavan 1, Sir V. Thackersey Marg, Mumbai 400 020
+91 22 66314949 / 66314917

J.B.Boda Insurance & Reinsurance Brokers Pvt. Ltd.

Inception

The J.B.Boda Group is a pioneer of reinsurance broking in India. The Group started its operations in 1943 when insurance and reinsurance broking in India was unheard of, making it the first Indian Multinational Reinsurance Broking House. The J.B.Boda Group achieved sustained growth, enhancing value for clients globally.

Objective

The endeavours of insurance and reinsurance broking were established under the banner of our parent company, J.B.Boda & Co. Pvt. Ltd. The IRDAI opened up the market for insurance broking in India between the years 2002-2003. J.B.Boda Insurance Broking was launched in 2004 to cater directly to corporate clients. Another venture, J.B.Boda Reinsurance Broking, was established under a separate license to undertake the reinsurance broking activities. Later, the two entities – J.B.Boda Insurance Brokers and J.B.Boda Reinsurance Brokers – were merged in 2017 as a composite venture under J.B.Boda Insurance & Reinsurance Brokers Pvt. Ltd.

Company expanse

The Singapore office, J.B.Boda & Co. (S) Pte. Ltd., commenced business in the early 1980s, catering to the Far East, ASEAN, and other Asian markets. To cater to the UK, European, and Caribbean markets and undertake placements throughout the globe in the niche and traditional segments we started our UK operations in 1986, registered as J.B.Boda & Co. (U.K.) Ltd. The UK office was the first Indian Lloyds Broker enumerated in 2002. With the expansion of business worldwide, we strategically located our representative offices in Dubai, Kenya, Nepal, Bangladesh, Morocco, Egypt, Indonesia and Nigeria.

Services

The services offered by J.B.Boda – 

Insurance Broking

Non Life

  • Property
  • Engineering
  • Machinery Breakdown
  • Industrial All Risks
  • Port Terminals
  • Mega Risks
  • Marine, Hull & Cargo
  • Containers
  • Multi Modal Transport
  • Financial & Casualty
  • Credit – Domestic & Export
  • Miscellaneous Accident
  • Accident, Medical & Health
  • Aviation
  • Media & Entertainment
  • Event Cancellation
  • Sport
  • Kidnap & Ransom
  • Employee Benefit
  • Fidelity Guarantee
  • Affinity
  • Motor
  • Extended Warranty – Automobile, White, Brown, Grey Goods
  • Jewellers Block
  • Overseas Travel
  • D&O, E&O, Professional Indemnity, Public Liability, Product Liability, Third Party Liability, Bankers Blanket Bond, Clinical Trials
  • Cyber Liability
  • Weather Derivatives Product
    on Renewable Energy
  • Lenders Insurance Advisory
    Service
  • Risk exposure inspection, analysis and consultation for insurance purchase
  • Insurance due diligence study – portfolio analysis
  • Negotiation, insurance placement & claims services
  • Claims Consultancy Services
  • Projects
    • Risk Inspection
    • DSU (Delay in Startup)
    • Marine Transit
    • Erection All Risks
    • Contractor’s All Risks
    • Contractor’s Plant & Machinery
    • ALOP (Advance Loss of Profit)
  • Services to MNC’s
    In addition as required we provide:

    • Model can be designed and structured to support and provide services to global clients in India together with their local policies, and arranging global programmes for Indian multinational clients for their operations worldwide
    • Facilitating insurance due diligence reports for Merger & Acquisition

Life

  • Employee Group Term Insurance
  • Group Insurance Scheme (EDLI
    Scheme)
  • Group Term Life Insurance Scheme
  • Retail Life Insurance
  • Life Insurance Scheme
  • Pension Scheme

Reinsurance Broking

Non Life

  • Treaty and Facultative Reinsurance
  • All classes – Fire, Engineering, Motor, Marine Hull,
    Cargo and specialised classes viz. Agriculture & Livestock,
    Accident, Medical & Health, Bond, Aviation, Political
    Violence & Terrorism, Cyber, Credit – Domestic & Export,
    Credit Life, Oil & Gas, Port Terminals & others
  • Cat Modelling
  • Structured solutions
  • Alternative Risk Transfer (ART) solutions
  • Technical Analysis & Suggestions
  • Designing suitable reinsurance programmes
  • Obtaining lead terms
  • Placement of reinsurance programmes in the international markets with reputed securities
  • Preparation of treaty documents, settlement of accounts and claims servicing
  • Training & Seminars
  • Other related services

Life

  • Treaty and Facultative Reinsurance
  • Technical analysis & suggestions
  • Reviewing & designing suitable
    reinsurance programmes
    Placement of reinsurance programmes
    in the international markets with
    reputed securities
  • Preparation of treaty documents,
    settlement of accounts and
    claims servicing
  • Arrangement of Life Retrocession
    programme
  • Customising & developing
    new product
  • Technical analysis & suggestions
  • Training & Seminars
  • Other related services

Contact

Mr. Ojas Majmudar (for Reinsurance Broking) ojas@jbbodamail.com | Phone: +91 77380 82752 

Mr. Saroj Satapathy (for Insurance Broking) saroj.satapathy@jbbodamail.com | Phone: + 91 9930002900

For more contact information, download our contact directory

CIN: U66010MH2002PTC138193