Being a family-owned business, with 3rd generation family members currently involved in the business, J.B. Boda is a leading Insurance intermediary led and managed by highly motivated veterans and professional experts from the industry with the dedicated client focus to provide innovative and cost-effective solutions.
The firm was founded on the shoulders of two brothers, late J.B. Boda and late D.B. Boda. Interestingly, they were the first Indians to start a reinsurance broking in independent India. J.B. Boda was the chairman until 1990, then D.B. Boda until 2000. J.B. Boda’s son, Late B. J. Boda inherited the reign and was the Chairman until 2011.
CARRYING FORWARD A LEGACY OF EXCELLENCE
Currently, Mr. Atul D. Boda (Chairman) along with Mr. Gautam B. Boda (Group Vice Chairman) and Mr. Rohit A. Boda (Group Managing Director) are taking forward the Group legacy. Mr. Vishal Boda has recently joined the Group as 4th generation entrepreneur, taking forward the legacy. J.B. Boda Group’s specialty teams include Property, Engineering, Aviation, Marine-Hull & Cargo, Casualty & Financial Lines, International Business, Terrorism Risk, Trade Credit, Employee Benefits, etc. Without failing to mention, J.B. Boda is the first Indian Broking House accredited as Llyod’s Broker. The firm has industry expertise across major sectors including Oil & Energy, Aviation, Construction, Shipping, Ports & Terminal, Pharma, Chemicals, Financial Services, Manufacturing, IT/ITES, Engineering, etc.
This year, J.B. Boda completed 78 years being an integral part of thousands of lives and has evolved over the years as a truly global group. Reminiscing his grandfather’s legacy, Gautam Boda says, “J.B. Boda was indeed an entrepreneur. In fact, he was ahead of his time, since he had the vision to start reinsurance services, wherein the same was unheard of in the Indian market. He set up a group of companies under the flagship of J.B. Boda, providing insurance, reinsurance, and marine and non-marine loss-adjusting services, and also for offshore energy risk.”
Over the years of growth and success, J.B. Boda Group ventured into the overseas market and now has 10 offices across the globe. For the Oil & Energy sector, the firm offers its expert services for arranging required reinsurance protection to the Indian Insurers for both construction and operational activities. Also, the J.B. Boda Group is the pioneer in Aviation reinsurance and has been serving Indian aviation for over four decades. The J.B. Boda Group, jointly with London associates, developed satellite insurance contracts along with Indian insurers and the first satellite viz. INSAT 1 A was insured in 1981, providing the coverage for launch, in-orbit risks, and also losses to third parties. Since then, they have developed expertise in satellite insurance and reinsurance and successfully designed insurance programmes for the satellites launched by the Department of Space / Indian Space Research Organisation (ISRO) in the INSAT 2 & INSAT 3 series. An endless number of such feats and the J.B. Boda Group still has been setting benchmarks under the leadership of current Management.
The firm has witnessed a very graceful yet humble growth over the years. Credit goes to the standards set by the Late Founders, who believed in providing services with honesty, transparency, & integrity. Gautam, and the Management, intend to carry forward this essence.