Management Team

Harendra Setalvad (1942-2021)

Founder Chairman

Infina has been founded under the vision and leadership of our Late Chairman Harendra Setalvad. He has been an industry stalwart and has spent his entire professional career in the Insurance Industry. After graduating from the Sydenham College of Commerce and Economics, he went to England in 1964 to train with the Prudential Assurance Company. On his return in 1965, he joined the Vulcan Insurance Company, which was promoted by the Setalvad family. In 1972, the company was nationalised and became part of United India Insurance, where he rose to be Deputy General Manager.

In 1986, Harendra was promoted to General Manager and Director at the Oriental Insurance Co. and transferred to Delhi.. He was then approached by Sedgwick Group Plc, then the largest firm of reinsurance brokers in the UK (and now a part of Marsh & McLennan Companies) asked to represent them in the Indian market. He was the India country head for Sedgwick for almost 15 years. During that period, he was responsible for significant business growth as well as elevating the Sedgwick Group brand as the leader in the reinsurance business in India. The Setalvad family is no stranger to the insurance industry. Harendra’s father, Venkatrao Setalvad, founded the Vulcan Insurance Company, which was nationalised in 1971 and subsequently merged with United India in 1973. His uncle, J. C. Setalvad, started the Industrial and Prudential Life Insurance Company, which was nationalised in 1956 and merged to the Life Insurance Corporation of India.

Infina’s management team comprises seasoned industry professionals, who have a deep understanding of the insurance business. The core leadership team comprises

Mihas Setalvad

Managing Director & Principal Officer (Infina Insurance Broking Pvt Ltd)

Director (Infina Reinsurance Broking Pvt Ltd)

Mihas Setalvad has over 15 years of experience in the Insurance and Banking industry in India and overseas.

He worked with Standard Life Assurance Company in Edinburgh and with HDFC Standard Life, helping the team set up their insurance operations in India, post privatisation of the insurance sector. He was a core Member of the management team at Tata AIG Life Insurance Company, where he has worked for 10 years. He was responsible for leading a number of businesses, both retail and corporate which included Corporate Agency, Worksite Marketing, Group Insurance and Credit Life Insurance. He also played a key role in building their Corporate Pensions business.

Mihas also has valuable experience in the Banking Industry. He was a Director at Standard Chartered in their Private Bank and Senior Vice President at Citibank’s Private Banking Business.

Prior to setting up Infina, he co-founded a new technology venture called Asset Vantage Systems Pvt Ltd where he was the Executive Director and Chief Operating Officer.

Mihas has a Masters of Business Administration from the Manchester Business School, UK and a Bachelor of Arts in Economics from the University of Michigan at Ann Arbor, USA.

Ashish Jhamb

Director & Chief Operating Officer (Infina Insurance Broking Pvt Ltd)

Director (Infina Reinsurance Broking Pvt Ltd)

Ashish Jhamb, has spent his entire career in the insurance industry. Inspired by his grandfather the late C. D. Jhamb, who was an Executive Director at the Life Insurance Corporation., he turned entrepreneur at an early age. Ashish started his career as a Corporate Agent of Oriental Insurance in the year 2003. Over the next 10 years, he has received a number of awards in the industry, including their number one advisor nationwide

Ashish was a core member of his family’s long standing business called Insurance & Tax Consultancy Services (ITCS), which is a firm of actuaries that provides advisory and actuarial valuation services. Today, ITCS is one of the leading actuarial valuation firms in India and its focus has been on the valuation of Gratuity, Pension and Leave Encashment Liability. He comes from a family with strong insurance roots,; several members of his family had agencies of the leading life, general and health insurance companies in India. The Jhamb family built a large client base of over 2,000 corporates and individuals across India.

Ashish has a strong technical knowledge of all lines of life and general insurance business. His underwriting and actuarial experience and risk management background has been a significant strength in advising on complex insurance programmes. He has played an advisory role to corporates to settle a number of complex claims.

He has been invited to various forums as a speaker on Insurance. He is passionate about education and growing the insurance industry. He is a regular guest speaker at insurance seminars where he shares his experience on ‘How to become a successful Insurance Intermediary’. He is a visiting faculty member fpr the past eight years at K.C. College, one of the leading colleges in Mumbai teaching related to Insurance and Risk Management to students persing the Bachelors of Commerce Degree (with specialization in Banking and Insurance). Ashish is a qualified Chartered Accountant.

Abhishek Jhamb

Director - Operations & Client Relationships (Infina Insurance Broking Pvt Ltd)

Director (Infina Reinsurance Broking Pvt Ltd)

Abhishek Jhamb brings significant operational and technology experience to Infina. Prior to Infina, he spent three years at his family’s long standing business called Insurance & Tax Consultancy Services (ITCS) to improve the operational processes and controls of the existing insurance business that was developed by the Jhamb family. His strengths include project management, operations, client servicing, and technology development. He and his team provide Infina’s clients with operations support, policy servicing, claims settlement and policy renewals.

Prior to ITCS, Abhishek spent over eight years with Tata Consultancy Services (TCS). At TCS he built large teams to handle niche technologies. He expanded the Enterprise Applications Software business focusing on solution strategies, developed technology backed processes to drive operational improvements, product customization and implementation.

Abhishek had been rated as an “A” band performer continuously in his last nine appraisal cycles at TCS. He also has a Six Sigma Green Belt Certification. He has a Bachelor of Engineering from P.E.S College of Engineering.