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Bold Penguin acquires SquareRisk, providing additional coverage options

Bold Penguin recently announced it acquired SquareRisk, a purpose-built marketplace that discovers, quotes, and binds specialty MGA products across 45+ carriers through a single interface. As a result of this strategic acquisition, Bold Penguin users will have additional commercial insurance policy coverage options beyond the admitted space to fill the evolving needs of business owners. Bold Penguin President and CEO, Peter Settel, stated, “By leveraging all of Bold Penguin’s capabilities, bolstered by SquareRisk’s specialty and E&S market access and wholesale operations, we can place more risks in the admitted and non-admitted spaces, ensuring our customers have markets for the businesses they work with to provide coverage.”

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New carriers added to Placement Desk, expanding market access

CNA and Utica First are now available through the Bold Penguin Placement Desk, giving agents quicker and easier access to more coverage solutions. The following is a list of the available products with each new Placement Desk carrier, enabling agents to grow their book or solve for hard-to-place risks without needing a direct appointment: 

• CNA: BOP, Workers’ Compensation, Umbrella, Commercial Auto, Professional Liability
• Utica First: BOP, General Liability

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6,000+ Chubb WC class codes added to the Chubb Marketplace

Terminal users now have immediate access to Chubb's Workers’ Compensation (WC) SEMCI product – supporting seamless quoting for a total of approximately 7,700 WC class codes. Access Chubb in the Terminal through an existing direct appointment or through the Bold Penguin Placement Desk, no appointment required, to place more business and find the right coverage seamlessly.

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Bold Penguin webinars

Bi-weekly Terminal tutorial webinars – Every other Thursday at 12:00 p.m. ET

All current Bold Penguin users are invited to join our Customer Success team to walk through the Terminal features, review the components of an application in the Terminal, and seek answers to questions in order to get the most out of your subscription. Pre-registration is required and open only to current Bold Penguin customers. Register here.

Coffee with Carlos: Office Hours with Bold Penguin’s Small Commercial Specialist

Bold Penguin’s very own Small Commercial Specialist, Carlos Gonzalez-Avila, shares his deep industry expertise as he hosts carrier partners to cover industry trends and answer questions. Current Bold Penguin users are invited to grab a coffee and join Carlos to learn more about:

• EMPLOYERS - Friday, December 5,  at 1:00 p.m. ET; Register here.
• Chubb - Friday, January 30, at 1:00 p.m. ET; Register here. 

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Monthly webinars

biBerk onboarding webinars – 3rd Thursday every month at 1:00 p.m. ET

This ongoing series is for agents who have been appointed but have not attended a biBerk onboarding session, or who need a refresher on quoting in the biBerk Service Portal (BSP). New BSP users are required to complete this training within the first 30 days of establishing BSP access to ensure continuous portal accessibility. 

• 2025 registration: Click here.
• 2026 registration: Click here. 
  

THREE webinars– 2nd Thursday every month at 1:00 p.m. ET

Join us on December 11th for the first installment in a new, monthly webinar series with THREE, where we will discuss and answer questions regarding their appetite, products, resources, and portal. This webinar is for agents who have a market access appointment with THREE. Register here. 

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The Future of Insurance Podcast features Bold Penguin 

Peter Settel, Bold Penguin President and CEO, recently sat with Bryan Falchuk of the Future of Insurance, for a deep dive podcast interview on the critical role of technology in driving efficiency and growth. This episode is a must-listen for anyone interested in the challenges and opportunities in balancing traditional insurance practices with innovative digital solutions.

Updated leadership structure builds on Be Bold culture

Bold Penguin recently announced a strategic, updated leadership structure to address the trends in the commercial market, with a focus on expertise, agility, digital and AI advantage, and customers. They are also extending a Glacier welcome to Carla Owens, VP, Insurance Operations, who will lead their efforts to create a seamless digital wholesale function, and Cheri Trites-Versluis, VP, Insurance Intelligence Growth, who will capitalize on opportunities to expand and drive growth through their Insurance Intelligence solutions.

To see past Bold Brief issues, click here.

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