About Us


Athena is one of India’s leading insurance Broker/Risk managers specializing in fields of sports, leisure, and entertainment among others. We handle all areas of non-life insurance, but our core competency lies in sports/leisure/entertainment and marine liabilities.

We arrange insurance and reinsurance for Indian and Foreign Insurers in all classes of business on Proportional, Non-Proportional and Facultative basis with our strong and long-lasting business relations with the World’s leading Reinsurers, Lloyd’s and London market.


Utpal Kapadia is the founder of Athena and started his journey with a Bachelor of Commerce from Pune University. He first took up non-life Insurance Training in 1980 under his late father Mr. Viren Kapadia, who was the representative of Oceanus Mutual P&I Club.

When Athena was first established, it specialized in Insurance Broking of International Products. This company functioned until the IRDAI came into being and then finally became Athena Insurance & Reinsurance Brokers Private Limited.

Utpal has several years of experience in the lines of P&I, Entertainment, Freight Forwarders and liability line of Business. He’s represented several insurers while in the Middle East from 2000 to 2004 for the Middle East and Indian sub-continent regions. Under his leadership, Athena has been placed as the first fixed premium P&I business for the Indian subcontinent, Asian and Middle Eastern Region in 1995.

He placed the first Insurance for an Indian Multi-Modal Transporter and was the first to introduce the International Marine Liability Insurance Program to the Indian Insurance Market.

Managing Director

Mr. Milind Laxman Dhumal holds Bachelor’s Degree in Commerce with skills in Negotiation, Customer Relationship Management (CRM), Reinsurance and Management Information Systems (MIS). Strong business development with a Master of Business Administration (M.B.A.) focused in Marketing from National institute of Management, Mumbai.

He holds several years of experience in Insurance and Reinsurance.He joined the Board of Directors of the company with the effect from March 19, 2020.