BGC Insurance global aerospace brokerage launches as Piiq Risk Partners

BGC Insurance Group (BGCI), a division of BGC Partners, a global brokerage and financial technology company, has a new name and brand for its global aerospace re/insurance brokerage: Piiq Risk Partners.

Piiq has been purposely building up a team since announcing the firm’s inception in 2019. Philip Smaje has joined as CEO (effective 1 January 2020). He joins Marcel Chad who has been in situ since June 2019 as president and Bruce Fine, managing partner US, who joined in September 2019 to lead the US team and the aircraft finance solutions division. They have been joined by a number of new colleagues.

To date Piiq has hired 28 individuals in the UK and the US, and has significant aspirations to attract additional talent into the organisation in 2020.

Philip Smaje said: “Piiq is a bold and distinct name that matches our desire and ambition for this business. 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.”

Marcel Chad added: “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. We believe that we are the standout firm in the current evolution of the aerospace re/insurance sector.”