Reinsurance News
MarketScout
MarketScout adds Kelly Dinsley to Allied Healthcare Underwriting Facility
2nd April 2020
US electronic insurance exchange and specialty MGA MarketScout has announced the addition of Kelly Dinsley to its Allied Healthcare Underwriting Facility. MarketScout explained that the appointment of Dinsley would expand the underwriting and processing capabilities of the facility. Going forward, Dinsley will be based in MarketScout’s corporate office headquarters in Dallas, Texas. She ... Read the full article
MarketScout adds Bobbie Perrigo as a professional liability broker
26th March 2020
US electronic insurance exchange and specialty MGA MarketScout has appointed Bobbie Perrigo to the role of professional liability broker. Perrigo will be based in the corporate office headquarters in Texas and assume all of the current professional liability business in place and implement new processes for the division. She joins the professional ... Read the full article
US commercial rates up 5% in Q4, personal lines 4.5%: MarketScout
7th January 2020
Rates for commercial insurance and personal lines placements across the United States increased by 5% and 4.5%, respectively, during the fourth quarter of 2019, according to analysts at MarketScout. The steady trend of upward rate movement for US commercial insurance is thought to reflect insurers’ plans to continue increasing prices across ... Read the full article
P&C rate increases climb to 4% in third quarter: MarketScout
9th October 2019
US property and casualty (P&C) insurers continued to see rate increases in almost every industry and line of coverage during the third quarter of 2019, according to analysts at MarketScout. The composite rate increase in Q3 was 4%, climbing from 3% in the previous quarter. By line of coverage, auto underwriters increased ... Read the full article
MarketScout highlights capacity crunch in both Florida & California
8th May 2019
In light of two major high net worth homeowners insurance companies deciding to either exit or reduce their underwritings, MarketScout has revealed that its new brush and wind facilities are structured to help agents that are looking to replace non-renewed business. The insurance distribution and underwriting firm notes that its underwriting ... Read the full article
MarketScout adds insurtech Wingman to MGA accelerator program
24th April 2019
MarketScout, an electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has invested in the Wingman insurtech platform and added the start-up to its MGA accelerator program. Wingman provides retail agents with access to cyber insurance coverage in a 60-second quote to bind electronic format, aiming to deliver policies within ... Read the full article
MarketScout launches wildfire, brush & quake MGA, WildCat
25th January 2019
U.S. domiciled electronic insurance exchange and specialty managing general agent (MGA), MarketScout, has announced the launch of WildCat, a new MGA facility for insuring wildfire, brush, and earthquake exposures. In response to increasing losses from the wildfire peril over the last two years, most notably from outbreaks in California, WildCat has ... Read the full article
California homeowners’ market hardens after wildfire losses: MarketScout
23rd January 2019
California homeowners’ rates climbed in the fourth quarter of 2018 as insurers reacted to historic levels of wildfire losses, according to data from MarketScout. Analysts noted that the market appears to be hardening, with rates for homes under $1 million increasing by 3% and by 2% for homes under $1 million. Additionally, ... Read the full article
U.S commercial rates continue stable rise over Q4: MarketScout
10th January 2019
The U.S commercial insurance composite rate continued to rise by a modest but stable 2% over the fourth quarter of 2018, according to data from MarketScout, a U.S electronic insurance exchange and specialty MGA. MarketScout noted that this result was in line with the composite rate increase for the entire year ... Read the full article
MarketScout adds Eduardo Crema as a Production Underwriter
14th December 2018
MarketScout, an insurance distribution and underwriting company headquartered in Dallas, Texas, has expanded its Private Client Solutions team with the addition of Eduardo Crema as a Production Underwriter. Crema has close to 10 years’ experience in the personal lines insurance business working as a wholesale agent/MGA and brings with him extensive ... Read the full article
MarketScout to invest in property risk modeller HazardHub
13th November 2018
U.S electronic insurance exchange and specialty MGA MarketScout is to invest in property risk modelling database HazardHub via its InsurTech investment vehicle, MarketScout InsurTech ventures (MIT). HazardHub utilises geospatial digital data to analyse dangerous perils in the U.S and provides comprehensive, national coverage for risks that destroy or damage property. MarketScout said ... Read the full article
Composite rate for U.S. P&C placements up by 2.5% in Q3: MarketScout
17th October 2018
The composite rate for U.S. property and casualty (P&C) placements increased by an average of 2.5% in the third-quarter of 2018, in line with the rate increases witnessed in the second-quarter, according to MarketScout. According to Richard Kerr, Chief Executive Officer (CEO) of MarketScout, rates continued to move slowly upward with ... Read the full article
U.S. commercial lines increase by 2.5% in Q2: MarketScout
12th July 2018
Analysis by MarketScout reveals that year-on-year, commercial U.S. property and casualty (P&C) rates increased by an average of 2.5% in the second-quarter of 2018, which is above the 2% recorded in the first-quarter of this year. According to MarketScout's Q2 2018 U.S. commercial P&C market barometer and analysis from Keefe, Bruyette ... Read the full article
MarketScout bolsters InsurTech technology team
25th May 2018
MarketScout Corporation has announced the hiring of Sebastian Manunta within the technology team of its MarketScout InsurTech (MIT) ventures division. Founded in 2017, MIT ventures invests on behalf of MarketScout, an insurance distribution and underwriting firm based in Dallas, Texas, U.S. The appointment of Manunta expands the company's technology team, and he ... Read the full article
U.S. commercial lines up 2% in Q1 2018: MarketScout
6th April 2018
Analysis by MarketScout reveals that year-on-year, commercial U.S. property and casualty (P&C) rates increased by 2% in the first-quarter of 2018, while personal lines insurers are tweaking pricing by line of coverage. MarketScout's first-quarter 2018 commercial insurance rate barometer shows an overall 2% P&C rate increase, which is in line with ... Read the full article
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