Reinsurance News

MarketScout

MarketScout launches new Social Support facility

14th March 2018

U.S electronic insurance exchange and MGA incubator MarketScout has announced the launch of a new facility aimed at Social Services providers, called Social Support. Social Support will provide professional liability, general liability, property, cyber and limited auto coverage and will underwrite on behalf of Lloyd’s of London. The facility will provide coverage ... Read the full article

MarketScout launches MGA to target health & social services industry

22nd February 2018

National electronic insurance exchange and MGA incubator MarketScout, has announced the launch of a new MGA set to write on behalf of Lloyd’s of London syndicates with a focus on the health care and social services industry. Michele Vincent, the lead underwriter for the MarketScout facility, said; “We have thoroughly researched ... Read the full article

U.S. commercial P&C rates up by an average of 2% in Q4: MarketScout

8th January 2018

Analysis from MarketScout reveals that U.S. commercial property and casualty (P&C) insurance rates increased by an average of 2% in the fourth-quarter of 2017, compared with a 1% increase in the previous quarter and a 1.3% decline in Q4 2016. After the devastating impacts of third-quarter 2017 catastrophe events, underlined by ... Read the full article

U.S. commercial and personal lines up in the third-quarter: MarketScout

10th October 2017

Analysis from MarketScout reveals that U.S. commercial lines and U.S. personal lines both saw average rate increases during the third-quarter of 2017, maintaining recent trends. During the third-quarter of 2017 the composite rate for U.S. commercial lines increased by an average of 1%, which is in line with the previous quarter ... Read the full article

MarketScout launching $25m InsurTech venture investment fund

25th September 2017

Texas-based insurance exchange and managing general agent MarketScout is set to launch an InsurTech venture investment fund, capitalised with $25 million to focus on distribution related opportunities. Richard Kerr, Founder and CEO of MarketScout, commented on the organisations InsurTech venture investment thesis; “MarketScout was founded as a web-enabled insurance exchange back ... Read the full article

InsurTech to significantly disrupt insurance distribution & impact rates

26th July 2017

Richard Kerr, the Chief Executive Officer (CEO) of U.S. domiciled insurance exchange, MarketScout, has said that for the first time in two decades insurance distribution is to experience significant disruption, which in turn will support lower premiums, all driven by the continued rise of InsurTech. "By utilizing new tech-enabled distribution, underwriters ... Read the full article