Alliance Insurance Brokers, one of the leading insurance service providers, risk managers, and reinsurance brokers, has announced the issuance of Employee Stock Ownership Plans (ESOPs). The company has issued ESOPs worth Rs 55 crore to the top-rated performers and the ones who have been associated with the company for a long time.
Speaking on the occasion, Aatur Thakkar, Co-founder and Director, Alliance Insurance Brokers said, “Alliance Insurance Brokers is trying to build one of the largest ESOP pools for employees in the insurance sector, to reinstate the sense of the ownership of the employees with the company. With over 25% year-on-year growth and a fast-expanding market presence, we owe our success to the passion and commitment of our team. We are issuing ESOPs not only to appreciate the high performers, but also to promote innovation, commitment and entrepreneurial culture within the organization.”
“As we continue to accelerate our insurance business, we are rapidly increasing our customer outreach across multiple product lines. We are also focused on acquiring the best of talent in the industry, who will become a valuable part of Alliance’s growth journey in the long run,” added Aatur.
The company has always been recognised for building a positive work culture and making it inclusive for the people. Almost 87% of the employees certified Alliance Insurance Brokers as a great place to work, giving a work-life balance, ensuring a happy workplace; this percentage is higher than an average US company. The company has also been recently awarded with 2025-2026 Great Place to Work Certification.
Alliance was amongst the 1st in the industry to attract PE money in the year 2015 & is now working towards making itself ready for its next raise.