Press release

BGC Insurance global aerospace brokerage launches as Piiq Risk Partners

06 January 2020

BGC Insurance Group (BGCI), a division of BGC Partners Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company, today announced the new name and brand for its global aerospace (re)insurance brokerage:

Piiq Risk Partners

Piiq has been purposely building up a team and attracting highly respected industry talent since announcing the firm’s inception earlier in the year. Philip Smaje has joined as CEO (effective 1 January 2020). He joins Marcel Chad who has been in situ since June 2019 as President and Bruce Fine, Managing Partner US, who joined in September 2019 to lead the US team and the aircraft finance solutions division. They have been joined by a number of highly qualified new colleagues who further boost Piiq’s heavyweight credentials.

To date Piiq has hired 28 individuals in the UK and US and has significant aspirations to attract additional talent into the organisation in 2020.

Philip Smaje commented, “Piiq is a bold and distinct name that matches our desire and ambition for this business. Our platform will provide an important independent and differentiated alternative for clients. We are committed to respecting the past as well as providing modern solutions for our clients. As we begin our journey as Piiq, we will be looking to invigorate the aerospace industry.”

Marcel Chad commented “Piiq has a unique opportunity to align the resources of our parent company, which is focused on the use of innovative technology, with an entrepreneurial spirit that puts clients’ outcomes first. We believe that we are the standout firm in the current evolution of the aerospace (re)insurance sector”

For all media enquiries, please contact Peter Rigby, Caroline Klein or Hannah Stewart at Haggie Partners on +44 (0)20 7562 4444.

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