MarketScout Acquires Specialty Bowling Program from QBE North Pointe

MarketScout said it has acquired a specialty underwriting facility, Bowling Center, which provides coverage for bowling centers on an admitted basis in all 50 states, except Alaska.

The business was acquired from QBE North Pointe of Southfield, Michigan.

Terms were not disclosed.

Bowling Center has been in existence since 1990. In addition to offering its insurance program with coverages tailored for the unique operations of bowling centers, it also offers property coverage for family entertainment centers, game rooms, pro-shops, restaurants and bars.

The underwriting team will continue to operate from Southfield, Michigan, and will underwrite on behalf of the program’s “A” rated insurer, according to the MarketScout.

Dallas-based MarketScout owns and operates the MarketScout Exchange for specialty insurance coverages. Richard Kerr, CEO of MarketScout, said the bowling specialty will be offered on MarketScout Exchange and be available to the Exchange’s 35,000 agents.

Editor’s Note: The original report on this transaction indicated that the North Pointe website said the bowling program was endorsed by the BPAA. The BPAA says it has not endorsed either the North Pointe or the MarketScout program.

Topics Mergers & Acquisitions Excess Surplus