Piiq Risk Partners, a global aerospace insurance and reinsurance brokerage, has received regulatory approval to operate in France, enabling the firm to provide continuity to clients following the UK’s vote to leave the European Union (EU).
The re/insurance broker’s French operation, Piiq Risk Partners SAS, will serve as a base for expanding its services across the French and European markets.
The company notes that it reinforces its commitment to providing both existing and future clients with a global offering, recognising the opportunities across the region.
The receipt of regulatory approval in France enables the aerospace broker to develop a strong European hub and provide seamless service to its clients in light of Brexit.
The company’s Chief Executive Officer (CEO), Phil Smaje, said: “France has a very established and market-leading aerospace and manufacturing industry and a mature insurance market that our team knows well. We are delighted to be able to offer our clients the service that they need in France, throughout Europe and indeed globally.
“Our industry is experiencing challenges, but at Piiq we have the expertise, leadership and dedication required to navigate changing risk landscapes, provide pioneering solutions and deliver top-tier service to our clients in France and throughout Europe.
“I’m also pleased to say that we continue to attract key talent from across the market and will be welcoming Anne-Laure Rosenwald as our first colleague at Piiq Risk Partners SAS.”
BGC Insurance Group, which is a division of BGC Partners Inc., announced in the summer of 2019 plans to launch its global aerospace insurance and reinsurance brokerage, Piiq Risk Partners.