Pivix Specialty Insurance Services, an excess and surplus (E&S) focused MGA, has announced the launch of a brokerage division led by Michael Gramm.
Pivix, founded in September 2024 by industry veteran Mike Miller, entered the market with a contract binding program targeting small commercial property and general liability risks. All products are written on an E&S basis and distributed exclusively through wholesale channels. The firm is backed by Ambac Financial Group, Inc.
The new brokerage division will focus on larger and more complex casualty risks.
Mike Miller, President and CEO of Pivix, said, “Since Day One, our vision was to build an E&S platform with two underwriting prongs—contract binding for SME and brokerage for larger accounts.
“Our binding authority facility has had great success so far. We have similarly high expectations for the brokerage program, and we look forward to working with Mike Gramm, as well as our carrier and wholesale partners, in continuing to build and develop these programs.”
Gramm brings 25 years of industry experience to the role. He joins Pivix from Futuristic Underwriters, where he served as Senior Vice President (SVP) and helped launch the company in 2023.
Previously, he was SVP of Insurance at Idelic and also held senior casualty underwriting positions at Hallmark, Navigators, XL Catlin, and AIG.
“Mike is an experienced E&S leader and a top-notch underwriter,” said Miller. “He has deep underwriting expertise and previous experience building an MGA, which positions him perfectly for this role. We are excited to have him on the team.”
Gramm added, “I am thrilled to be part of Pivix and excited for the opportunity to help build a platform to underwrite E&S brokerage business produced through key wholesalers. We anticipate developing various casualty and property brokerage programs over time and expect to announce our first program shortly.”
