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.