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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About Piiq Risk Partners
Piiq is owned by The Ardonagh Group, the largest independent insurance broker in the UK.
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.