Pivix Specialty Insurance Services has introduced a new casualty program that offers primary general liability coverage for contractors, real estate, hospitality and manufacturing accounts.
The program, supported by Everspan Group, is written on an excess and surplus (E&S) basis.
The launch marks the first product from Pivix's newly established brokerage division, which distributes exclusively through wholesale brokers. Pivix, launched in late 2024 as an E&S platform, initially developed a contract binding program targeting small commercial businesses with property and general liability coverages.
Michael Gramm, senior vice president and chief underwriting officer-brokerage at Pivix, said the new program reflects the rapidly growing opportunity in the wholesale market for tailored casualty solutions.
"Primary GL made the most sense as the initial program for the brokerage platform," he said, noting that Everspan's commitment to the casualty space allowed the partnership to move quickly.
Everspan, rated A- (Excellent) by AM Best, is also part of Ambac. Darwin Lucas, the group’s chief underwriting and reinsurance officer, described Pivix’s team as highly regarded and said their underwriting record should generate strong market reception.
Pivix CEO Mike Miller added that the casualty program was a “natural starting point” for the brokerage division. He added that while the new program will target different risks than the binding authority business, both will benefit from the same technology platform, giving wholesale brokers faster service and improved efficiency.
Sustained expansion in the E&S market
The launch comes at a time of sustained expansion in the E&S market. US excess and surplus (E&S) market premium volume in 2024 was estimated to be around $125 billion-$135 billion in 2024, reflecting significant growth and a 10% to 12% increase from 2023. Much of this was driven by casualty lines as admitted carriers retrenched from higher-risk or distressed sectors. With capacity shifting and wholesale brokers seeking new solutions, MGAs such as Pivix are well-positioned to capture demand.
By building out its brokerage unit with a casualty product, Pivix is tapping into one of the fastest-growing areas of the E&S market.
