MarketScout News

Q2 Rate Increases Hold Steady: MarketScout

Personal and commercial rate increases stabilized virtually across the board in the second quarter of 2022, according to MarketScout’s Market Barometer. U.S. personal lines rates increased 5.16 % in the second quarter – close to the 5.2 % increase seen …

Rate Increases Steady in Q2: MarketScout

MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%. Increases were 6% in the first quarter …

Rates Up Again in Q1 as Signs May Point to ‘Stronger Increases’: MarketScout

During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to MarketScout’s Market Barometer. The average increase remained consistent compared to the average increase of 5.8% observed in the fourth quarter …

Martin Joins MarketScout as Technology Analyst

MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has added Manoj Martin to its internal technology team. Martin will provide technical support to MIT, MarketScout InsurTech ventures. He has more than 20 years’ experience in …

MarketScout in Dallas Creates $25M Insurtech Venture Fund

Dallas-based insurance exchange and MGA MarketScout announced it has launched MarketScout InsurTech (MIT), which will make investments in tech-enabled insurance distribution. The initial funding of $25 million will come exclusively from MarketScout Corp., parent of MIT, according to the firm. …

MarketScout Hires U.S. Risk’s Vincent as VP in Houston

MarketScout, the Dallas, Texas based insurance exchange and specialty MGA, has expanded its Professional Liability Division with the addition of Michele Vincent as vice president, healthcare practice leader. Vincent joins the professional liability practice with more than 20 years of …

Hatt Joins MarketScout’s Private Client Insurance Practice in Dallas

MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has expanded its national private client practice with the addition of Chris Hatt as managing executive. Hatt, who is based in Dallas, has more than 30 years …

Flintstones vs. Jetsons, a Broker Success Story, and How Agencies Can Survive Insurtech

“If we survive the next five to 10 years and improve the way we do things, we can be well-positioned into the future.” James Keating, founder, chairman and CEO of The Keating Group, offered those positive words amid the din …

Educational Conference in California to Address ‘State of the Industry’

What the final two years of California Insurance Commissioner Dave Jones will entail is among the topics to be discussed during a conference in Southern California in March. The WIAA Education and Research Foundation will present a conference titled “Challenges, …

MarketScout Taps Rice to Lead Expansion of High Net Worth Practice in Florida

MarketScout has expanded its specialty high net worth practice in Tampa, Fla., with the addition of Craig Rice as the newest production broker for the Private Client Solutions division. In his new role with MarketScout, Rice will focus on leading …