A dream was turned into reality by Late Chairman, Mr. Jagmohandas Bhagwandas Boda and his brother Late Mr. Dhirajlal Bhagwandas Boda. Hailing from Porbandar in Gujarat, these two visionaries set out to the commercial hub of India, Bombay, now known as Mumbai, in the milestone year of 1943. One can only imagine building an empire in the insurance and reinsurance sector in the pre-independence era, where European and American firms controlled the insurance business of the country. A brave step taken by the two leaders changed the course of the insurance sector in India.
MANIFESTING VISIONS INTO REALITY
J. B. Boda Group started with a modest beginning and sailed through the years with integrity and trust to reach the horizon. Its main domain is providing service to its customers. The Group now aims to upgrade and enhance its services with its calibre and fine quality.
In the 80-year-long association with various customers, the company has become a preferred service provider all across the globe.
The organisation vouches for intrinsic customer satisfaction by providing service with integrity. The present Vice Chairman and Managing Director, Mr. Gautam Boda not only ensures this, but also drives sustainable business growth, devises group strategy, and guides the execution, exploration and evaluation of new areas of opportunities.
The organisation has pioneered various domains like Casualty and Financial Lines, Engineering, Credit Employee Benefits, Property, Marine Hull and Cargo, Terrorism Risk, and Aviation, just to name a few. It takes pride in being the first-ever Indian Broking house to be endorsed by Lloyd’s Broker.
In addition, the Group has expertise in other portfolios such as International Business, Shipping, Ports, Construction, IT/ITeS, Manufacturing, and substantial sectors like Oil and Energy.
A HUMBLE BEGINNING
J. B. Boda Group was quite ahead of its time when the insurance and reinsurance sector was in the hands of overseas companies. Its founders made history by establishing India’s first reinsurance company and left no stone unturned. Years of relentless hard work helped the company witness a paramount increase in its success graph. From just one office in Mumbai to having 34 offices Pan-India, the company has had substantial growth. This is due to customer satisfaction and integrity in their approach over the years. In the years to come, the company ventured into the global market, and has established businesses in 90 countries with over 10 offices in different parts of the world.
AWARDS AND RECOGNITION
J. B. Boda Group has many awards and accolades to its credit. The company was awarded the “Reinsurance Broker of the year” by Zimbabwe Reinsurance Corporation consecutively in the years 1996, 1997 and 1999, and “Outstanding Contribution” to their business from Bajaj Allianz, India, in the year 2012–13. In 2013, it was awarded the “Best Usage of e-Thru Platform” from GIC Re, India, and “Sincere Appreciation” from Religare India.
The Group received the “National Organizing Committee for Support” award during the 15th African Reinsurance Forum in 2009 and “Plaque from Government House, Mongolia – Ulan Bator” in 2015.
One of the oldest and leading brokers of India, the J.B. Group has a record of accomplishing sustainable growth, and enhancing value for its clients in India, Asia, Africa, the Middle East, and emerging countries. Due to its wide global network, it is recognised as the First Indian Multinational Insurance and Reinsurance Broking House.