American Family to acquire insurtech company Bold Penguin

Madison-based American Family Insurance will acquire Ohio-based Bold Penguin, an insurance technology company focused on small businesses, the companies announced Thursday. Terms of the deal, which is pending regulatory approval, were not disclosed. Bold Penguin will retain its name and business model and will become a subsidiary of American Family. The company’s technology is used

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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