On October 8, 2024, Ambac announced a new partnership with Pivix, a managing general agent (MGA) led by industry veteran Mike Miller. This collaboration is set to enhance Ambac's insurance distribution segment.
Pivix operates as an Excess & Surplus (E&S) platform, which is a growing area within the specialty property and casualty insurance market. This partnership is expected to contribute to Ambac's strategy of expanding its MGA network and diversifying its risk portfolio.
The addition of Pivix to Ambac's network strengthens its position as a premier destination for MGA and underwriting talent. This move supports Ambac's broader goal of maximizing long-term shareholder value through its Insurance Distribution business.
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