The strategic partnership will focus on providing smaller commercial property and general liability risks through select brokers in the wholesale distribution market.me
Pivix, known for its expertise in property and casualty coverages for targeted segments, including the SME sector, was established by industry veterans with a strong track record in the excess and surplus lines market. Backed by Ambac Financial Group, Pivix is well-positioned to offer innovative and tailored insurance solutions to its clients.
The new contract binding program with Canopius will provide brokers with a streamlined process for obtaining quotes and binding coverage, ultimately improving efficiency and service levels for their clients. This collaboration marks a significant milestone for Pivix as they continue to expand their product offerings and strengthen their position in the insurance 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.
He continued: “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.”
She added: “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.”
