The Voice of Insurance was lucky enough to catch up with Phil Smaje the CEO and Marcel Chad the President of newly-launched London-based aviation challenger broker Piiq Risk Partners.
Piiq is part of BGC Partners, which is also the owner of wholesale brokers Ed Broking and Besso.
It is an interesting new addition to the line-up of London specialty intermediaries because Phil and Marcel are both aviation veterans with long careers at the major brokers.
The timing is also fascinating because whilst other segments of the global market are merely hardening, there is no doubt that all parts of the aviation insurance and reinsurance market are in full correction-mode and are experiencing the kind of genuine hard market that doesn’t come along very often.
Do enjoy the listen.
Phil and Marcel tell a really interesting story about their plans for Piiq at a pivotal time for the aviation market.
My first question was to Phil, asking him to tell the story behind the formation of Piiq and explain what it was all about.
The word disprupt is overused in our industry but Phil got straight to the point with his first answer...
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