in

New insurance coverage “powerhouse” Novatae buys MarketScout, names CEO


MarketScout’s CEO Richard Kerr has come on board as CEO of Novatae efficient instantly, with interim CEO Steve Cook returning solely to chief working officer duties.

Kerr based MarketScout in 2000 and was beforehand CEO of Lambert Fenchurch US. He is a previous president of Sedgwick.

Kerr stated Novatae was a “progressive, technology-enabled MGA and wholesale agency that may little question disrupt this trade.”

“We are going locations and I’m excited to deliver this chance to our companions and purchasers,” he stated.

The new CEO is predicted to spice up Novatae by “strengthening partnerships, growing strategic alliances and increasing the agency’s product and repair providing for its dealer companions and their purchasers”, in keeping with Rich Eknoian, Novatae mother or father firm World Insurance Associates CEO.

Novatae Risk Group unveiled its model firstly of November as a consolidation of seven of World Insurance Associate’s wholesale companies: Scottish American, Keating, Empire Underwriters, Mid Atlantic Insurance Group, Brookside General Insurance Services, American Emerald Group and Hawkeye Wholesale Insurance Services.

The enterprise’ title, Novatae, comes from the Latin phrase Novae Terrae, that means “new world”. It is “a play” on the World firm title, in keeping with a November 1 press launch.

“Given the current progress of our wholesale group, now could be the proper time to mix our sources to kind one powerhouse model that empowers our specialty groups to ship extra to our dealer companions and insureds,” Eknoian stated.

Report

Comments

Express your views here

Disqus Shortname not set. Please check settings

CELEBRATE NATIONAL DAY AND FESTIVE SEASON IN STYLE WITH CROWN & CHAMPA RESORTS, MALDIVES

Prototypes Of NASA's Habitat On The Moon Built In Louisville