Bold Penguin Acquires SquareRisk to Expand Specialty, E&S Access

Bold Penguin Expands Its Reach with SquareRisk Acquisition

Insurtech company Bold Penguin has announced its acquisition of SquareRisk, a digital wholesale insurance marketplace that leverages artificial intelligence. This move aims to enhance Bold Penguin's access to specialty and excess and surplus lines (E&S) insurance, reinforcing its position in the insurtech landscape.

Key Details of the Acquisition

SquareRisk provides a platform designed to streamline the wholesale insurance process using AI technology. Bold Penguin's goal with this acquisition is to integrate SquareRisk's advanced capabilities into its existing offerings, which focus on simplifying the insurance quote and binding process for agents and brokers.

Both companies emphasize that this collaboration will make it easier for insurance professionals to access specialized coverages that are often harder to find. By combining resources, Bold Penguin aims to create a more efficient marketplace for its users.

Who Will Be Impacted

This acquisition primarily impacts insurance agents and brokers who rely on efficient systems to secure specialty coverages. The integration of these platforms is expected to facilitate quicker quotes and better options, enhancing the user experience for those navigating the intricacies of commercial insurance.

A Growth Strategy

Bold Penguin’s effort to broaden its services reflects a growing trend in the insurtech space, where technology companies look to provide faster and more accessible insurance solutions. By expanding its offerings through acquisitions like SquareRisk, Bold Penguin is positioning itself to cater to an evolving market that increasingly demands digital solutions.

Overall, this strategic move indicates Bold Penguin's commitment to improving its technology stack while also enhancing access to niche insurance products for its users.

Original Source: https://www.insurancejournal.com/news/national/2025/10/13/843490.htm