E&S MGA Pivix Launches Assault & Battery Program

The program is available nationwide through wholesale brokers and supported by an A+ AM Best-rated insurer.

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New monoline offering provides needed coverage for General Liability accounts

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Pivix Specialty Insurance Services Inc. (“Pivix”), an excess and surplus lines managing general agent majority owned by Octave Specialty Group, Inc. (NYSE: OSG), has launched a monoline assault and battery program designed to meet the insurance requirements of accounts needing this important coverage. The program is supported by an A+ AM Best rated insurer and available nationwide on an E&S basis.

Distributed exclusively through wholesale brokers, the new program targets apartment complexes, condominium associations, homeowner associations, lessor’s risk properties, hotels, restaurants and bars, and retail stores. The Pivix program provides limits of $1 million per occurrence and $2 million aggregate to meet market needs.

“Over the past several years, assault and battery coverage has been shrinking in the general liability marketplace,” Michael Gramm, Senior Vice President and Chief Underwriting Officer-Brokerage at Pivix, said. “We developed this program specifically to address that gap, with limits structured to satisfy the new lending requirements and brokers looking for complete coverage.”

Founded in 2024, the Pivix platform includes a primary general liability brokerage and a contract binding program targeting small commercial businesses with property and general liability coverages.

“The Pivix platform is built to respond quickly to evolving needs in the market,” Pivix President and CEO Mike Miller said. “We’ve made significant progress expanding our capabilities, and the launch of the assault and battery program is another important step in that growth. We see a strong pipeline of opportunities ahead and are excited about the continued expansion of the Pivix platform.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260929444397/en/

Investors:
ir@octavegroup.com

Media:
Kate Smith
Director, Corporate Communications
ksmith@octavegroup.com

Source: Octave Specialty Group, Inc.

Key Terms

monoline financial

A monoline is a company that focuses on a single financial product or service, most commonly an insurer that only guarantees debt payments for bonds or structured finance. It matters to investors because such firms concentrate risk in one activity—like an insurance company that promises to make bond payments if the issuer cannot—so their financial health directly affects the creditworthiness and perceived safety of the securities they cover, similar to a single-purpose backstop for a loan.

excess and surplus lines financial

Excess and surplus lines refer to insurance coverage provided by specialized insurers for risks that standard insurers consider too unusual, high-risk, or hard to cover. These policies are important for investors because they help protect against rare or unexpected events that could impact financial stability or asset values, filling gaps where regular insurance options are unavailable.

managing general agent financial

A managing general agent is a specialized insurance intermediary that a carrier authorizes to sell and run insurance business on its behalf, including setting prices, issuing policies and handling claims. Think of it as a locally run franchise that operates under the insurer’s brand and rules; investors care because MGAs can boost growth and profit margins by expanding sales and shifting operational costs and risk, which affects an insurer’s revenue, expenses and capital use.