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”
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About Piiq Risk Partners
Piiq is owned by BGC Partners Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
