MarketScout Approved as Lloyd’s Coverholder

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