digital commercial lines News

Commercial Lines Insurtech Bold Penguin Acquires E&S Brokerage Tech Platform xagent

Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance market. Bold Penguin said the transaction will allow it to better serve …

Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales

Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance application and renewal process to its 13,000 agency and brokerage customers and …