Novatae Buys MarketScout

Richard Kerr founded MarketScout in 2000. It is a managing general agent and wholesale broker and specializes in private client solutions, health care, fine art, workers compensation and other specialty areas and programs.

Kerr and MarketScout also release monthly reports on commercial and personal lines insurance rates

The company announced last week that it has been sold to Novatae Risk Group. Kerr will assume the CEO role for Novatae and said Novatae is a “progressive, technology-enabled MGA and wholesale firm that will no doubt disrupt this industry. We are going places and I am excited to bring this opportunity to our partners and clients.”

Rich Eknoian is the head of Novatae’s parent company, World Insurance Associates. He said Kerr is going to improve the company by “strengthening partnerships, developing strategic alliances and expanding the firm’s product and service offering for its broker partners and their clients.”

Source link: Insurance Business America — http://bit.ly/3EyF1Pe