Dallas, Texas-based MarketScout, the eInsurance Exchange, has been approved as a Lloyd’s Coverholder. The approval process requires an extensive examination of the candidate’s underwriting capabilities, processes, systems and procedures. As an approved Lloyd’s Coverholder, MarketScout is vested with binding and claims payment authority on facilities it places in the Lloyd’s market.
“Our plan is to continue to expand the MarketScout Exchange by offering our agents access to more underwriting facilities on which we have binding authority,” said Richard Kerr, founder and CEO of MarketScout.
MarketScout will be announcing several new underwriting facilities in the coming months, including a program for Tough Property, Energy, Contractors Equipment and High Value Homes.
Source: MarketScout
Topics Excess Surplus Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
The Future of the Agency in a World of AI 
Suspects in Louvre Heist in Custody After Week-Long Manhunt 
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M 
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
