AmTrust WC is now live on Bold Penguin Exchange
Bold Penguin has strengthened its insurance exchange offerings by integrating Workers’ Compensation insurance coverage from AmTrust Financial (AmTrust) on the Bold Penguin exchange platform.
“As the largest commercial insurance exchange, we’re laser-focused on connecting agents and carriers in record time,” said Ilya Bodner, Founder and CEO of Bold Penguin. “Our integration with AmTrust will strengthen our Workers’ Compensation offerings for our platform users. The speed at which AmTrust executed has truly been remarkable.”
AmTrust offers a wide range of coverage options for more than 350 business classes. The company’s newly launched integration with Bold Penguin allows more agents and brokers to access this critical coverage.
“Bold Penguin is a partner who truly shares our commitment to innovation in small business insurance,” said Chris Foy, EVP & Head of North American Commercial for AmTrust. “The industry is evolving at a rapid pace and AmTrust is excited to provide independent agents with custom coverage options and AmTrust products through the Bold Penguin platform.”
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The Securities and Exchange Commission today charged international insurance company AmTrust Financial Services Inc. and its former CFO Ronald E. Pipoly Jr. with failing to disclose material facts about how the company estimated its insurance losses and reserves. They have agreed to pay a combined $10.5 million to settle the SEC’s charges.