Ambac announces partnership with Mike Miller-led MGA Pivix

Ambac Financial Group announced it has partnered with Mike Miller and his team on the launch of Pivix Specialty Insurance Services or Pivix, a managing general agency focusing on the excess and surplus or E&S, lines market. Miller, the former president of Scottsdale Insurance, Nationwide’s E&S carrier, is president and chief executive officer of Pivix. “We are thrilled that Mike Miller and his team have chosen to partner with Ambac,” said Claude LeBlanc, Ambac CEO. “Our goal is to be the premier destination for MGAs and underwriting talent, and Mike is among the best in the industry. His pedigree and reputation in the E&S market are unparalleled. We are excited to support him and his team in scaling Pivix.”…Naveen Anand, president of Cirrata, said, “We look forward to growing our partnership with Mike and the Pivix team. They have the underwriting expertise, broker relationships and technology to make Pivix a formidable player in the E&S market.” Insurance Advisory Partners acted as exclusive financial advisor to Pivix Specialty Insurance Services.