Start-ups
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The Miami-based underwriter will write lines of up to $5mn per risk for cyber and tech E&O. -
The latest E&S player planning to IPO remains a “show me” story.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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Planning for the carrier was halted in January due to the CEO’s health issues.
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The Floridian is expecting to have around 40,000 policies in force by year-end.
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The ex-Ategrity CEO launched Pivix Specialty in September 2024.
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MGA growth is still strong but has passed its 2022 peak.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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The fund apparently plans to purchase life insurance policies as investments.
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The program is being launched through subsidiary Southern Marine.
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The MGA will grow in specialty lines via talent recruitment and M&A coupled with technology enablement.
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