Commercial insurtech Bold Penguin joins American Family
Summary
Bold Penguin, based in Columbus, Ohio, is a technology company that simplifies and quickens the often complicated and time-consuming process of obtaining small business insurance. Bold Penguin will be able to leverage the scale and financial stability of American Family, allowing it to accelerate its digital capabilities while remaining independent in how it operates and expands its exchange. “Our teams, capabilities, security, reliability and approach to handling every organization leveraging our solution with utmost regard is something we are proud to maintain.” “We are grateful for our tremendous staff and support from all our partners – insurance companies, brokers, agents, advisors and backers. We inspire, protect and restore dreams through our insurance products, exceptional service from our agency owners and employees, community investment and creative partnerships to address societal challenges. Bold Penguin was founded in 2016 by a group of entrepreneurs who spent their early days working with Allstate, Nationwide and Progressive alongside regional carriers and established insurance agencies.