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 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 9,000 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.