Mankad & Associates Insurance Broking jobs and careers

About Mankad & Associates Insurance Broking

Mankad & Associates Insurance Broking Pvt Ltd received its registration from IRDAI in February 2003 and was one of the first few broking companies in India. However, it began more than four decades ago, when the founder promoter saw a gap in the marine liability insurance requirement of the Indian shipping industry, and set up an insurance broking company to cater to the marine liability requirements of ship owners. Since marine liability insurance was a niche underwriting area, the Government of India had allowed the industry to obtain such covers from the specialised international underwriters. Thus began the journey of providing professional services to Indian shipowners, which then expanded to the overseas market, as the company could tap clients from overseas countries. We have been placing insurance for our clients from Dubai, London, Singapore, etc., in various international markets predominantly with London and European Markets (Lloyds as well as Companies). Our parent company P&I Services Pvt Ltd. provides claim assistance services to ship owners insured with various P&I underwriters. The company subsequently expanded into reinsurance broking. In India, we have been placing reinsurance, both treaty and facultative, for General Insurance Corporation of India (GIC), United India Insurance Co. Ltd., The New India Assurance Co. Ltd., National Insurance Co. Ltd. We pioneered Comprehensive Port Package Policy and Comprehensive Film Insurance Package by arranging facultative reinsurance from United India Insurance Co. Ltd