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 The Ardonagh Group, the largest independent insurance broker in the UK.
Ardonagh Specialty
Ardonagh Specialty is the holding company and growth platform for leading independent brokers Besso Insurance, Bishopsgate, Compass London Markets, Ed Broking, Inver Re, Piiq Risk Partners and Price Forbes. Combined, we have 1700 colleagues globally and manage $5 billion in gross written premium.
With a strong presence and deep relationships worldwide, and a steadfast commitment to investing in the best people, markets and technology, together our businesses offer open market programmes, reinsurance and international solutions designed to empower clients to achieve their strategic ambition.
The Ardonagh Group
The Ardonagh Group is the UK’s largest independent insurance distribution platform and a top 20 broker globally. We are collection of best-in-class entrepreneurial and specialist brands with a network of more than 100 locations and a combined workforce of more than 8,000 people. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs. For more information, visit our website: www.ardonagh.com.
