Mumbai, Jan 15: Alliance Insurance Brokers Private Limited (“Alliance”), one of India’s leading insurance service providers, risk managers and reinsurance brokers, has announced the appointment of Mr. Aatur Shashikant Thakkar as its new Chief Executive Officer (CEO) and Principal Officer, marking a significant leadership transition, with which, the company will chart its next phase of growth and expansion.
Aatur Thakkar succeeds Shashikant Thakkar- Founder and former CEO and Principal Officer. Mr. Shashikant Thakkar will continue to provide strategic guidance and support Alliance’s long-term vision and market expansion efforts.
Mr. Aatur Thakkar will carry forward and strengthen the legacy of Alliance, moving the organization into its next phase of accelerated growth. With a clear vision, he aims to scale the company’s premiums under management to INR 5000 crore within the next three years, while scaling the reinsurance business two-fold. Under his leadership, Alliance will further deepen its comprehensive distribution strategy, spanning B2B channels, corporate insurance, strategic partnerships, and digital platforms to drive sustained expansion, innovation, and market leadership.
Speaking on the appointment, Shashikant Thakkar, Director, Alliance, said, “Aatur has grown with the organisation and embodies the values that have shaped Alliance since its founding. His experience and vision make him the right leader to take the company forward while preserving our legacy of client focus and excellence.”
Aatur Thakkar added, “It is an honour to take on this responsibility and build on the strong legacy of Alliance. We are entering a decisive phase of growth, driven by scale, innovation, and disciplined execution. Over the next three years, we plan to significantly expand our presence across PAN India and grow our premiums under management to INR 5000 crore. We closed FY25 with premiums under management of more than INR 1500 crore and aims to scale premiums under management to INR 2500 crore by the end of FY26. 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.”
Aatur Thakkar brings over two decades of experience with Alliance and has been an integral part of the company’s growth journey. He has been closely involved in the company’s evolution and operations. His deep institutional knowledge, coupled with a strong alignment with the company’s culture and values, positions him well to lead the organisation through its next growth cycle.