BGC Insurance Group (BGCI), a division of BGC Partners Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company, today announced that Mark Costin will join its new global aviation and space (re)insurance broker as Senior Partner.
Costin joins Philip Smaje and Marcel Chad as the latest high-profile figure in the new team and, subject to regulatory approval, will start in his role on completion of notice period obligations.
Costin joins BGCI from Marsh JLT Speciality where he most recently held the role of CEO of its Aviation and Aerospace Division. He joined Marsh from Willis Towers Watson in 2002.
Marcel Chad, BGCI’s President of Global Aviation and Aerospace, said: “We have set out a compelling vision and ambition to build an entrepreneurial environment that will attract diverse and high calibre talent from across the industry, aligned with innovative technology resulting in a truly differentiated client value proposition.
“Mark’s appointment further reinforces our commitment to the aerospace sector. Together we will continue to build a potent alternative global proposition for clients. I am delighted, both personally and professionally, to welcome Mark to our growing team.”
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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.