Breaking News
Penn-America Underwriters Acquires Sayata, an AI-Enabled Digital Distribution Marketplace for Commercial Insurance
Global Indemnity Group, LLC (NYSE: GBLI) (“GBLI”), announced today that its subsidiary Penn-America Underwriters, LLC (“PAU”) has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance. The acquisition complements GBLI’s recent strategic reorganization of its PAU business to focus on agency and insurance services. This acquisition will enable PAU to accelerate its roadmap by expanding distribution, product portfolio, and technology capabilities.
Praveen K. Reddy, President and CEO of PAU, remarked, “The acquisition of Sayata directly supports our strategy to deliver faster, smarter distribution solutions for specialty insurance and new products. We are excited to welcome the Sayata team, and to invest and grow the business.”
“We are thrilled to welcome Sayata to the GBLI family,” said Saul Fox, Chairman of GBLI. “Sayata’s innovative technology and strong industry partnerships align perfectly with our vision under Project Manifest. Together, we will expand our digital capabilities, deepen relationships with customers, and accelerate growth.”
“Our focus for years has been delivering a fantastic experience for our customers and partners,” said Asaf Lifshitz, co-founder and CEO of Sayata. “We see this partnership as a way to expand the reach of Sayata distribution and product portfolio, while continuing to deliver best-in-the-industry economics for our customers.”
- Insurity Strengthens Competitiveness for Intermediaries Through Strategic MGA Market Investment Read more
- Moldova: Vienna Insurance Group Acquires Moldasig S.A. Read more
- Kayna, the Embedded Insurance Infrastructure Teams With Willis to Provide Specialty Markel Equine Insurance Solution Read more
- Penn-America Underwriters Acquires Sayata, an AI-Enabled Digital Distribution Marketplace for Commercial Insurance Read more
- Neutrinos Launches First AI-Native Coreless System of Execution for Insurance Transformation Read more
Insurity Strengthens Competitiveness for Intermediaries Through Strategic MGA Market Investment
Insurity, a leading provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced Insurity Pro Suite
Moldova: Vienna Insurance Group Acquires Moldasig S.A.
Vienna Insurance Group (VIG) has won the public auction for the acquisition of an 80% stake in Moldasig S.A. Through this transaction, VIG becomes the market leader in the Republic of Moldova, with an estimated market share of around 30%.
Kayna, the Embedded Insurance Infrastructure Teams With Willis to Provide Specialty Markel Equine Insurance Solution
Kayna, the award-winning embedded insurance infrastructure platform, has teamed with Willis (NASDAQ: WTW) to provide an online insurance offering through Equine MediRecord (EMR), a leading vertical SaaS platform in equine digital health software and part of Canada-based Inova Group’s Business Infusions – the largest equine veterinary software group in the world.
Penn-America Underwriters Acquires Sayata, an AI-Enabled Digital Distribution Marketplace for Commercial Insurance
Penn-America Underwriters has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance
Neutrinos Launches First AI-Native Coreless System of Execution for Insurance Transformation
Neutrinos announced the launch of its new AI-Native Coreless System of Execution (CSoE)
OpenDialog AI and Adrian Flux Announce Strategic Partnership to Revolutionise the Insurance Buying Experience
OpenDialog AI announced a strategic partnership with Adrian Flux to deploy its Selma AI Sales Agent technology across the brand portfolio
CyberCube Launches Exposure Manager, Enabling a New Standard of Cyber Health and Exposure Data Across the Insurance Value Chain
CyberCube has launched Exposure Manager (XM), the first and only tool that allows (re)insurers to evaluate cyber risk
Insurity Strengthens Competitiveness for Intermediaries Through Strategic MGA Market Investment
Insurity, a leading provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced Insurity Pro Suite
Moldova: Vienna Insurance Group Acquires Moldasig S.A.
Vienna Insurance Group (VIG) has won the public auction for the acquisition of an 80% stake in Moldasig S.A. Through this transaction, VIG becomes the market leader in the Republic of Moldova, with an estimated market share of around 30%.
Kayna, the Embedded Insurance Infrastructure Teams With Willis to Provide Specialty Markel Equine Insurance Solution
Kayna, the award-winning embedded insurance infrastructure platform, has teamed with Willis (NASDAQ: WTW) to provide an online insurance offering through Equine MediRecord (EMR), a leading vertical SaaS platform in equine digital health software and part of Canada-based Inova Group’s Business Infusions – the largest equine veterinary software group in the world.
Penn-America Underwriters Acquires Sayata, an AI-Enabled Digital Distribution Marketplace for Commercial Insurance
Penn-America Underwriters has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance
Neutrinos Launches First AI-Native Coreless System of Execution for Insurance Transformation
Neutrinos announced the launch of its new AI-Native Coreless System of Execution (CSoE)
OpenDialog AI and Adrian Flux Announce Strategic Partnership to Revolutionise the Insurance Buying Experience
OpenDialog AI announced a strategic partnership with Adrian Flux to deploy its Selma AI Sales Agent technology across the brand portfolio
CyberCube Launches Exposure Manager, Enabling a New Standard of Cyber Health and Exposure Data Across the Insurance Value Chain
CyberCube has launched Exposure Manager (XM), the first and only tool that allows (re)insurers to evaluate cyber risk