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Gallatin Point Capital to Partner with American Family Insurance Group on TRUE: New National Insurance Platform Includes Over $1.25 Billion of Fresh Capital Commitments and Has Capabilities to Write Homeowners Insurance in Catastrophe Exposed Areas

Gallatin Point Capital to Partner with American Family Insurance Group on TRUE: New National Insurance Platform Includes Over $1.25 Billion of Fresh Capital Commitments and Has Capabilities to Write Homeowners Insurance in Catastrophe Exposed Areas
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American Family's Stauffacher, Yancy, Others Assume Key Leadership Posts

American Family’s Stauffacher, Yancy, Others Assume Key Leadership Posts
April 1, 2021
The American Family Insurance group has announced leaders in several new and existing key positions.
Jessie Stauffacher, president and CEO of CONNECT, powered by American Family Insurance, and Telisa Yancy, chief operating officer of American Family Insurance, will be promoted to top leadership positions reporting directly to president and CEO-elect Bill Westrate, who will succeed retiring CEO Jack Salzwedelon Jan. 1, 2022.
Bill Westrate
Stauffacher will serve in the new position of exclusive and independent agency president. Stauffacher’s new role brings together oversight of sales and products through American Family exclusive agency owners as well as Main Street America products sold through independent insurance agents. ....

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Commercial insurtech Bold Penguin joins American Family

Press release content from Business Wire. The AP news staff was not involved in its creation.
Commercial insurtech Bold Penguin joins American Family
January 14, 2021 GMT
MADISON, Wis. (BUSINESS WIRE) Jan 14, 2021
Madison, Wisconsin-based American Family Insurance Mutual Holding Company (American Family) today continued its innovative and collaborative approach to serving customers, this time focusing on small businesses with the acquisition of insurtech company Bold Penguin.
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. The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to match, quote and bind policies from a range of insurers to meet customer needs. ....

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American Family Insurance to Acquire Small Business Insurtech Bold Penguin

American Family Insurance to Acquire Small Business Insurtech Bold Penguin
Madison, Wisconsin-based American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses.
The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to match, quote and bind policies from a range of insurers. Bold Penguin reduces the complexity of small business insurance buying.
The insurtech, based in Columbus, Ohio, will become a subsidiary of the American Family Insurance group, pending regulatory approval and closing.
Financial details of the transaction were not disclosed.
The announcement said that Bold Penguin will maintain its name and business model, “operating with a relentless commitment to neutrality and confidentiality with its insurer, broker and agent customers.” ....

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