MarketScout, a Dallas-based e-commerce company specializing in the distribution of property and casualty insurance products, has received funding from High Ridge Capital Partners.
MarketScout provides independent insurance agents access to specific industry specialists, selected based upon their technical skills and insurance company connections. Only one specialist is posted in each industry category. These specialists are carefully examined by MarketScout to assure they represent the “Best of Class” for their particular industry. MarketScout has posted specialists in 30 industries. More than twenty different insurance companies can be accessed via MarketScout. Management expects to add up to thirty additional insurers by year-end.
High Ridge Capital L.L.C., a private equity firm focused exclusively on investing in the insurance industry and related service companies, manages approximately $150 million of capital acting as general partner of several limited partnerships on behalf of institutional investors. MarketScout is a subsidiary of Insurance Data Systems (IDS), a Dallas, Texas-based e-commerce holding company. IDS develops e-commerce strategies that streamline product distribution for the insurance industry.
Topics Mergers & Acquisitions
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