Bold Penguin, the technology provider that operates the largest commercial exchange, has welcomed top insurance broker INSURICA to its exchange platform. INSURICA, the 23rd largest privately held insurance agency in the United States, will leverage Bold Penguin’s exchange to service more small businesses, fueling the company’s growth in its small commercial division, INSURICA Express.
INSURICA, founded in 1959, has grown rapidly over the last decade to a team of over 600 employees in 30 offices across the country. The company is frequently recognized as a Best Practices and Best Place to Work Agency by The Journal Record and earned the title of Rough Notes’ Agency of the Year in 2018. INSURICA Express was launched in 2015 to address the growing needs of small businesses.
“One of our core values is ‘Do what is right’ and this ties into everything we do,” said John Hester, Sr. Vice President, Branch Relations, Mergers & Partnerships. “Our team is committed to the businesses we serve – doing what is right for them is what is right for us. Joining Bold Penguin’s exchange allows us to do just that: serve more small businesses by protecting their operations with the best coverage possible.”
Bold Penguin’s exchange, established in 2016 to connect small business, agencies, and carriers, has now powered over 1.3 million small businesses.
“INSURICA is one of the most trusted names in the industry. We’re thrilled to welcome them to our exchange where they will be connected with small businesses across categories like manufacturing and contractors that are looking for an agency like INSURICA that understands their business,” said Ilya Bodner, CEO and Founder of Bold Penguin.
Bold Penguin’s exchange engages top insurance brokers and carriers across the United States and anticipates doubling the number of small businesses it powers by 2021.