WildCat Brush and CatRisk Wind Facilities Pick Up the Slack
DALLAS, May 7, 2019 – MarketScout today announced that, as two major high net worth homeowners insurers choose to either exit or curb their writings, its new brush and wind facilities are structured to assist agents seeking to replace non renewed accounts.
MarketScout’s CatRisk underwriting facility is designed to focus on wind exposed homeowners in Florida and the Eastern Seaboard.
The WildCat facility, also underwritten by MarketScout, utilizes unique big data sets, which help with risk selection. This facility focuses on insuring brush-exposed properties in California and other Western states.
“We expected an admitted market capacity crunch would eventually arise in both Florida and California,” said Richard Kerr, CEO of MarketScout. “Three years ago we began building our capacity and employing top-notch high net worth underwriters and managing executives. We are fully staffed with experienced underwriters and ample capacity. We stand ready to offer terms for brush in California and wind in Florida.”
For more information, contact us at firstname.lastname@example.org or 866-578-9415.
MarketScout is an insurance distribution and underwriting company headquartered in Dallas, Texas. The firm is a Lloyd’s Coverholder and MGA for U.S. insurers. MarketScout owns and operates the MarketScout Exchange as well as over 40 other online and traditional underwriting and distribution venues. MarketScout founded the Entrepreneurial Insurance Alliance (EIA) in 2007 and presents the Entrepreneurial Insurance Symposium (EIS) every September. MarketScout founded the Council for Insuring Private Clients (CIPC) in 2012 and administers the Certified Personal Risk Manager (CPRM) designation in partnership with The National Alliance for Insurance Education and Research. In 2017, MarketScout funded the MarketScout InsurTech (MIT) venture fund to invest in firms utilizing technology to improve insurance distribution and underwriting. In 2018, MarketScout launched its MGA Incubator that provides operational, financial, and accelerated marketing support to existing or new MGAs and Program Managers. MarketScout has offices in Arizona, Arkansas, California, Florida, Illinois, Nebraska, Pennsylvania, South Carolina, Tennessee, Texas, and Washington, DC. For more information, please visit us at MarketScout.com MarketScout.com. California license #0D60423.