Pivix Launches Monoline Commercial Property Program

New E&S offering expands Pivix’s specialty product portfolio for wholesale brokers

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Pivix Specialty Insurance Services Inc. (“Pivix”), an excess and surplus lines managing general agent and part of Octave Specialty Group, Inc. (NYSE: OSG), today announced the launch of a new monoline commercial property program. Supported by an A+ AM Best rated insurer, the program is available in 20 states and distributed exclusively through wholesale brokers.

The new program expands Pivix’s growing portfolio of specialty products and targets well-maintained commercial properties across a broad range of occupancies, including habitational, office, retail, hotels, healthcare offices, parking garages, restaurants, vacant buildings, and other commercial properties.

“Commercial property is a natural area of expansion for Pivix and one where we see an opportunity to deliver a focused, efficient solution to our wholesale partners,” said Sandy Vertuno, Senior Vice President and Chief Underwriting Officer-Contract Binding Authority at Pivix. “We’ve developed a clear underwriting framework around the types of risks we want to write, supported by technology that can make the placement process faster and more straightforward for brokers.”

The program provides coverage for accounts with up to $4 million in total insured value at a single location and schedules of up to $10 million. Pivix has also incorporated automated processing for eligible accounts from quote through policy issuance.

“We’re building Pivix around areas where we believe specialized underwriting and strong wholesale relationships can create meaningful opportunities,” said Mike Miller, Chief Executive Officer of Pivix. “We’ve made significant progress in expanding our capabilities, and commercial property is another important step in that growth. We’ll continue to look for opportunities to add products where we believe Pivix can bring something differentiated to the market.”

About Pivix

Pivix Specialty Insurance Services Inc. (“Pivix”) is a managing general agent specializing in excess & surplus (E&S) casualty and property lines distributed exclusively through wholesale brokers. Headquartered in Scottsdale, Ariz., Pivix was founded by industry veteran Mike Miller. Pivix is part of Octave Specialty Group (NYSE: OSG). For more information, visit www.pivixins.com.