Reinsurance News
Bold Penguin
Bold Penguin partners with Adaptive for parametric insurance coverage
11th December 2025
Bold Penguin, a digital solutions provider for commercial insurance, has partnered with Adaptive Insurance, a pioneer in AI-driven coverage. The collaboration brings Adaptive’s GridProtect parametric power outage coverage to the Bold Penguin platform, marking the first time a parametric insurance carrier has been integrated into the company’s digital exchange. This partnership will ... Read the full article
Peter Settel to lead Bold Penguin as CEO and President
6th January 2025
Commercial insurance distribution platform Bold Penguin has appointed Peter Settel as its new Chief Executive Officer (CEO) and President, succeeding outgoing CEO and founder, Ilya Bodner. As per Bold Penguin, Settel holds over twenty-five years of experience in US-based property and casualty markets. Settel most recently served as Enterprise Chief Strategy and ... Read the full article
Sutherland partners with Bold Penguin to develop innovative solutions for commercial insurance
5th May 2023
Sutherland, a leading digital transformation technology and services firm, has entered into a partnership with Bold Penguin to drive digital transformation in customer acquisition, new business, and underwriting for the commercial insurance industry. Under the partnership, Sutherland’s end-to-end AI-based underwriting ecosystem will integrate with Bold Penguin’s state-of-the-art analytics solution for data ... Read the full article
Insurtech Bold Penguin acquired by American Family
15th January 2021
Property/casualty insurance group American Family has announced the acquisition of Bold Penguin, an insurtech firm focused on providing cover to small businesses. Bold Penguin will become a subsidiary of the American Family Insurance group but will maintain its name and business model. It's hoped Bold Penguin will be able to leverage the scale ... Read the full article
Bold Penguin to acquire insurtech RiskGenius
7th October 2020
Commercial insurance technology provider, Bold Penguin, has announced that it has entered into a definitive agreement to acquire RiskGenius, a pioneer in insurance document intelligence software. The transaction sees RiskGenius's data and analytics products, alongside its team, join Bold Penguin's existing SaaS platform. Following the deal, RiskGenius is set to become part ... Read the full article
Bold Penguin partners with State Automobile Mutual Insurance Company
23rd June 2020
Commercial insurance technology provider Bold Penguin has announced the integration of State Automobile Mutual Insurance Company into its platform. Bold Penguin says this integration allows users of its platform access to business use auto coverage through State Auto with other insurance products, to be launched in the third quarter. State Auto currently ... Read the full article
Insurtech Bold Penguin adds AmTrust to exchange platform
15th June 2020
Commercial insurtech provider Bold Penguin has announced it will integrate workers' compensation insurance coverage from AmTrust Financial on its exchange platform. "As the largest commercial insurance exchange, we're laser-focused on connecting agents and carriers in record time," said Ilya Bodner, Founder and CEO of Bold Penguin. "Our integration with AmTrust will strengthen ... Read the full article
Bold Penguin partners with Markel Specialty to expand commercial offerings
23rd April 2020
Commercial insurance platform provider Bold Penguin is expanding commercial offerings on its exchange to include excess and surplus (E&S) coverage, after partnering with Markel Specialty. Bold Penguin operates a digital exchange platform designed to help small-medium businesses, their brokers, and major carriers connect as fast as possible. The company believes adding E&S ... Read the full article
EverQuote & InsurTech Bold Penguin partner on launch of commercial market
29th October 2019
EverQuote, Inc., an online market for insurance shopping in the U.S., has entered into a new partnership with InsurTech innovator Bold Penguin on the launch of its commercial lines marketplace. Bold Penguin targets increased speed-to-bind for commercial insurance via platforms that enhance connections between all parties, ultimately reducing friction in the ... Read the full article
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