BGC Insurance Group (BGCI), a division of BGC Partners Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company, today announced that Philip Smaje will be joining its new global aviation and space (re)insurance brokerage as Chief Executive Officer.
Smaje joins Marcel Chad as the latest high-profile figure in this new team and subject to regulatory approval, will start in his new role on completion of his notice period obligations.
Smaje joins from Willis Towers Watson where he began his career in 1988 in the Aviation Division. He went on to hold various senior roles including CEO for Willis Towers Watson’s Global Aviation Practice and was most recently Global Head of Broking.
Andrew Wallin, Chief Commercial Officer, BGC Insurance Group, said: “We have set out to create an entrepreneurial environment that will attract industry leading talent, aligned to innovative technology resulting in a truly differentiated client value proposition.
This appointment reinforces our commitment to the aerospace sector and I am delighted that Philip is joining us to lead the team. Together he and Marcel will build a potent alternative global proposition for clients.”
Marcel Chad was announced as the President of the new brokerage on June 17th. He joined from JLT Aerospace where he was a Partner and had previously served as CEO of Marsh Aviation in the UK and Deputy Global Chairman.
Commenting on the appointment, Marcel Chad said: “Philip and I worked together in our early careers and share common values and philosophies while offering diversity in our competencies, expertise and relationships. I very much look forward to working with him again in this exciting new venture."
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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.