MarketScout Acquires QBE North America Facility
DALLAS, January 21, 2014 – MarketScout today announced its acquisition of an Animal Mortality underwriting facility providing coverage on an admitted basis in 48 states. The facility targets all types of species including equine, bovine, camelids, cervids, exotic, and canine. Death and theft coverage is offered on a broad perils basis, including accident, injury, sickness, and disease. The underwriting team will operate out of MarketScout’s new Omaha, Nebraska office and will place polices on behalf of QBE – their “A” rated insurer. “Insuring animal mortality requires underwriters with very unique skills,” noted Richard Kerr, CEO of Dallas, Texas based MarketScout Corporation. “Our team includes three of the best underwriters in the Animal Mortality market. We hope to grow this facility by connecting with specialty Animal Mortality agents and other agents who require our expertise when assisting their clients with these unusual placements.” MarketScout will integrate the Animal Mortality team into the MarketScout Exchange by appointing them as the Certified Market Specialist℠ on the MarketScout Exchange.
QBE’s North American operations are part of QBE Insurance Group Limited, one of the top 20 insurers and reinsurers worldwide. QBE Insurance Group’s 2012 results can be found at www.qbena.com. Headquartered in Sydney, Australia, QBE operates out of 48 countries around the globe, with a presence in every key insurance market. The North America operation, headquartered in New York, conducts business through various property and casualty insurance subsidiaries. QBE insurance companies are rated “A” (Excellent) by A.M. Best and “A+” by Standard & Poor’s.
MarketScout is an insurance distribution and underwriting company headquartered in Dallas, Texas with specialty expertise in many areas. 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 Council for Insuring Private Clients (CIPC) and the Entrepreneurial Insurance Alliance (EIA). MarketScout has offices in California, Connecticut, Florida, Illinois, Indiana, Michigan, Nebraska, New Jersey, Texas, and
Washington, D.C. For more information, please visit us at marketscout.com; follow us on Twitter at
twitter.com/marketscout and like us on Facebook at facebook.com/marketscout.
Contact Diahann Doyen