Market Scout

Market Scout  (represented by Hales Securities, LLC) has been aquired by  Novatae Risk Group   -   November 2022

Dowling Hales acted as exclusive financial advisor to MarketScout Corporation in its sale to World Insurance Associates-owned Novatae Risk Group  MarketScout is an innovative national program manager, MGA, wholesaler, and insurance marketplace headquartered in Dallas, Texas. The Company is a Lloyd’s coverholder and has deep expertise across a number of product lines including private client solutions, energy, healthcare, fine art and workers’ compensation. Additionally, MarketScout has a strong track record of innovation via its highly successful insurtech incubation program and it founded the Council for Insuring Private Clients (CIPC), the Entrepreneurial Insurance Alliance (EIA) and publishes a quarterly Market Barometer composite rate index for commercial and personal insurance. As part of the Transaction, MarketScout’s founder and CEO, Richard Kerr, has been named CEO of Novatae. Earlier this month, Charlesbank-backed World Insurance Associates, Novatae’s parent company, announced the consolidation of its fast-growing wholesale and MGA business under the Novatae banner. Novatae has 31 offices across the United States and approximately $800,000,000 in premium.  Significant expansion is planned in the next several years. 

Target Company

Market Scout

Acquirer Company

Novatae Risk Group

Acquisition Date

November 2022

Sector

Insurance

Acquisition Date

November 2022

Industry

MGA

Region

USA

State of Acquired

TX

Map

town light

At Dowling Hales, we don't just raise capital; we forge connections. Leveraging our deep relationships with investment groups, we guide your financial aspirations from vision to victorious transaction. Together, we rise.

Learn More

Ready to

Navigate Your

Financial Future?

Dowling Hales has developed a consistent reputation as the “advisor of choice” dedicated exclusively to the insurance sector.