BGC Insurance Group (BGCI), a BGC Partners company which operates in the UK, Australia, and France, has a new name and brand for its global aerospace insurance brokerage – Piiq Risk Partners.
The broker’s inception was announced earlier in the year, with Philip Smaje (pictured) taking the helm as CEO. He brings with him more than a decade of industry experience, most recently as global head of broking at Willis Towers Watson.
Smaje joins Marcel Chad, who has been in situ since June as president, and Bruce Fine, who was appointed as managing partner in September to lead the US team and the aircraft finance solutions division.
Piiq currently has 28 staff in the UK and US offices, with plans to attract additional talent into the organisation this year.
“Piiq is a bold and distinct name that matches our desire and ambition for this business,” Smaje said. “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.”
“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,” Chad said. “We believe that we are the standout firm in the current evolution of the aerospace (re)insurance sector.”