MarketScout Corp., an insurance distribution and underwriting company headquartered in Dallas, announced it has acquired 100 percent of the stock and assets of MSW. MSW will convert from a generalist brokerage to a specialty intermediary providing access to unique and exclusive products in areas that require highly technical expertise.
MarketScout CEO, Richard Kerr, commented, “Retail agents want you to bring something to the table that is unique and exclusive. Previously, MSW operated as a generalist and was unable to produce enough business to be a significant player. Going forward, MSW will focus on areas where they provide a specialty skill or offer an exclusive product. This new direction will enable them to increase their quote to bind ratios, which will enhance relationships with the insurers.”
MSW has engaged 11 new brokers who are specialists in areas such as products liability, high value homeowners, sports and leisure, social services, agents E&O, and energy business.
MSW is a 100 percent wholly owned subsidiary of MarketScout Corp. with locations in Florida, Indianapolis, New Jersey and Texas.
MarketScout is company headquartered in Dallas, Texas with specialty expertise in many areas.