J.B. Boda Group: Embarked on the Values of Humility & Integrity

Gautam Boda, Vice Chairman & MD

Gautam Boda

Vice Chairman & MD

Founded in 1943, J.B. Boda Group is one of the oldest and largest independent global broking firms from India providing various services related to Insurance including Life & Non-Life Insurance, Retail Broking, Whole sale Broking, P& I Services, Loss Surveys, Property Valuation, and Actuarial Services, all under a single roof. 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 broker in the 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. Currently, Atul D. Boda (Chairman) along with Gautam B.Boda (Group Vice Chairman) and Rohit A. Boda (Group Managing Director) are taking forward the Group legacy. 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, Interna

tional Business, Terrorism Risk, Trade Credit,Employee Benefits, and many others. 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, and more.

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 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 & 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 nine 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 & Aerospace Reinsurance and has been serving the Indian aviation for over four decades. While the company is broker to some of the world’s largest air lines, manufacturers, helicopter operators and airports, it is also the broker of choice for many small firms meeting client expectations in terms of best price, coverage and placement with the best securities. 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 for satellite insurance & 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.

Endless number of such feats and the J.B. Boda group still has been setting benchmarks under the leadership of Gautam. The company has witnessed a very graceful yet humble growth over the years. Credit goes to the standards set by Late Founders, who believed in providing services with honesty, transparency and integrity. Gautam in tends to carry forward this essence as he concludes saying, “I’ve always felt, in any business, but more particularly in the people business, if you’re not humble to your people, yourself and your clients, the opportunity for growth can be limited. We at J.B.Boda strongly believe in maintaining culture with our people and clients”.