IRDA Composite Broker's License no. 262
Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited (AAIRB) was licensed as a Composite Broker by the Insurance & Regulatory Development Authority (IRDA) of India on 18th May, 2004. The company was set up and promoted by AAIS UK with a view to cater to the insurance needs of corporates as well as individuals in India.
AAIRB is part of the AA group which has been in operation for over 20 years with the head office in UK and network offices in Asia and Africa, namely Pakistan, Kenya, Nigeria and Ghana. AAIS UK is an accredited Lloyds broker with vast experience in both insurance and reinsurance and AAIRB has the advantage of being able to draw on this experience whenever require. AAIS UK offers AAIRB access to this highly capitalised market.
To become a global leader in the International Insurance and Reinsurance Industry by redefining concepts of professionalism and excellence.
To identify the particular needs and challenges of our clients and strive constantly to seek the most effective solutions for them, observing the highest standards of professionalism, probity, perseverance and commitment.
The Afro-Asian philosophy is to grow with the smaller accounts without discriminating in favour of our equally valued larger clients. No account is too big for us to handle promptly and efficiently, and nothing is too small or uneconomical for us to deal with once we have sought and accepted a client's portfolio of business. Mindful of our clients’ need to operate efficiently in ever increasing competitive markets we endeavour to provide prompt, efficient and comprehensive service.
Qualified Senior insurance executives with a cumulative experience of more than 200 years.
Intimate and thorough knowledge of Insurance Products.
Close contact with Indian and International insurers and reinsurers.
Trends in the International Insurance Market.
Technical & Professional expertise in managing insurance & re-insurance programmes of the clients.
Expertise in Claim Processing.
Knowledge of Specialised Insurance Covers.
Meet Our Team
Udai R. Patel
Managing Director & Principal Officer
With a BA (Hons.) degree in Business Studies from the University of Westminster, Udai is a Fellow of The Association of Chartered Certified Accountants (UK). He is also an Associate Member of the Chartered Insurance Institute and a Chartered Insurance Broker in the UK. He has extensive experience of International Banking,Insurance, Public Relations/Advertising and Management Practice having worked in all these sectors in various capacities. He was Finance Director of Sallingbury Casey Ltd., a respected firm of Parliamentary and Public Affairs Consultants in Westminster, before taking over as the Managing Director of “Afro- Asian” in 1991.
A Commerce Graduate from University of Mumbai and Associate of III, Jay also holds Diploma from Chartered Insurance Institute UK. Jay has experience of 15 years in insurance industry including ten years as a Lloyd's Broker in both Treaty & Facultative Reinsurance. He has dealt with the placement of various classes of insurances which include Property & Casualty, Energy, Aviation, Political Risks, Terrorism, Event Cancellation etc.
Rajesh R. Kapasi
CFO & Director
Vinita Lotlikar has over 27 years of insurance market experience, both in Kenya and the U.K. She has been in senior positions in various insurance companies in Kenya as an insurance practitioner and as a buyer of reinsurance for her employer. Vinita has been a director of Afro-Asian Insurance Services Ltd. (Lloyd’s Brokers) since 2009 and has been an integral part of the growth of the Group within Africa. As a director of the London School of Insurance (UK) Ltd., she enjoys conducting training programmes on reinsurance subjects and transferring knowledge on reinsurance practice to staff of client companies. She currently is a director of various “Afro-Asian” Group companies in Ghana, Zimbabwe, and India.
A Commerce and Law Graduate, Rajesh brings to the company a wealth of practical business experience and excellent knowledge of Accountancy and law. Having been active in the family business of trading in casein and other dairy products for over 25 years, he has developed a vast network of contacts in India and abroad
Vice President, Reinsurance Broking
With over 26 years of reinsurance underwriting experience of both domestic & overseas markets, Avinash has worked at Malaysian Re (Dubai) office where he was Vice President – Senior Underwriter responsible for the Middle East and North Africa (MENA) Region.
His prior experience at GIC Re (20 years) includes underwriting Treaty & Facultative Business from Indian Domestic companies as well as Foreign Inward Business from advanced European Markets and the Caribbean region.
With over 5 years of experience in claims and loss adjusting, he now handles our facultative and treaty risks alike. He has a business degree from New York, and his Associate from the Insurance Institute of India along with being a licensed broker from the National Insurance Institute.
Along with a degree in psychology she has a zeal for exploring and learning more in the field of insurance & reinsurance. She is a licentiate from the Insurance Institute of India along with being a licensed broker from the National Insurance Institute.