History and Milestones
History and Milestones

History
Alliance is one of the pioneers in the field of insurance broking operating since 2003. It has been founded by Mr. S. V. Thakkar, who is a veteran in the insurance industry having vast experience in this industry for over last three decades. Having such a strong background in the field of insurance and with a vision in his mind, he established Alliance, catering to life and non-life sector.

Alliance has been built on the foundation of building strong and ever-growing relationships with various business entities and establishing a trustworthy brand name for itself. Alliance focuses on de-risking the unknown and unforeseen risks faced by their clients and adding value to all its stakeholders.

Today, Alliance is managed by a strong management, with a blend of youth and experience, which is extremely futuristic in their approach and ensures delivery of real-time services.

Milestone

  • 2003
    • Starts operations from Mumbai, India.
    • One of the first 10 broking houses to start operations in India.
  • 2004
    • Records a growth of 100% plus in first year of operation itself.
    • Successful tie-ups with major corporates in Manufacturing and Services sector across India.
  • 2005
    • Enters Media, Entertainment and Sports sector.
    • Partners with various Global Reinsurers.
  • 2006
    • Expands its operations in India and starts office in Pune.
  • 2007
    • Penetrates into the Construction and Leisure sectors by acquiring business from several renowned developers in the country.
  • 2008
    • Holds 75% market share in Media, Entertainment and Sports sector.
    • Grows 100% in spite of global meltdown.
    • Enters Aviation sector and ties up with leading Commercial Pilot Associations for "Loss of License" insurance.
  • 2009
    • Opens second office in Mumbai.
    • Insures major sporting events across the country.
    • Forays into structured Credit insurance for Banks and Financial Institutions.
  • 2010
    • Enters Power & Energy and Infrastructure sector with projects in Metro rail, road, transmission lines, renewal energy like solar, wind and also conventional energy space.
    • Pioneers in devising “Exhibitors Loss of Revenue” insurance cover.
    • First brokers in the country to devise and underwrite insurance covers for cricketers i.e. "Player Loss of Fees" and "Player Bonus".
    • Explores Bancassurance and Reinsurance markets.