MarketScout Launches New High Net Worth Underwriting Facility

MarketScout, the national electronic insurance exchange and specialty MGA, has expanded its specialty high net worth underwriting practice with the addition of a new non-admitted $3.1 billion facility targeting agents with specialty expertise in the high net worth homeowners segment.

This exclusive new facility is only available to members of the Council for Insuring Private Clients.

According to Brian Botwinick, MarketScout’s senior vice president and lead underwriter for the facility, the practice will have a nationwide appetite and broad non-admitted coverages designed specifically for those with a specialty expertise in insuring private clients.

Underwritten by a consortium of international insurers, the facility is available in all 50 states for homeowners, builders risk, wind, quake, brush, and other unprotected risks, which are not eligible for standard market placement.

MarketScout is an insurance distribution and underwriting company headquartered in Dallas. The firm is a Lloyd’s Coverholder and MGA for U.S. insurers. MarketScout owns and operates the MarketScout Exchange as well as over 40 other online and traditional underwriting and distribution venues. MarketScout founded the Council for Insuring Private Clients (CIPC) and the Entrepreneurial Insurance Alliance (EIA). MarketScout has offices in California, Connecticut, Florida, Illinois, Indiana, Michigan, Nebraska, New Jersey, Rhode Island, Tennessee, Texas, and Washington, D.C.