SCOTTSDALE, Ariz., Oct. 23, 2024 – Pivix Specialty Insurance Services Inc. (‘Pivix’), a managing general agency focused on the excess and surplus lines market, has launched a property and casualty contract binding program with global specialty carrier Canopius US Insurance Inc. (‘Canopius’). This binding authority facility targets smaller commercial property and general liability E&S risks produced by select brokers exclusively through the wholesale distribution market.
“We are excited to partner with Canopius on the launch of the contract binding program,” said Mike Miller, president and chief executive officer of Pivix. “Our market reputation, underwriting skills and overall operational experience in this space, combined with Canopius’ reputation, financial rating and market presence makes for a powerful combination. As this market segment continues to grow rapidly, our partnership will enable us to effectively meet the evolving needs of the wholesale marketplace.”
Lisa Davis, CEO, Canopius U.S. & Bermuda, said: “Canopius is committed to expanding our property and casualty wholesale business, and we’re delighted to have launched this new program with Pivix. This is a great example of our wholesale strategy, which seeks distribution partners who can offer Canopius the expertise to provide relevant and practical solutions to big challenges.”
Pivix offers property and casualty coverages for targeted segments, including the sizeable SME segment. It was founded by Miller, Ken Levine, Joe Griffith, and Sandy Vertuno — all alumni of Nationwide E&S — and is backed by Ambac Financial Group, Inc. (NYSE: AMBC).
About Pivix
Pivix Specialty Insurance Services Inc. (‘Pivix’) is a managing general agent specializing in excess and surplus (E&S) casualty and property lines. Headquartered in Scottsdale, Ariz., Pivix was founded by industry veteran Mike Miller. For more information, visit pivixins.com.
