Bold Penguin names new CEO

Bold Penguin , a commercial insurance distribution platform, has appointed Peter Settel as its new Chief Executive Officer and President. With over 25 years of experience in property and casualty markets, Settel brings expertise in technology and strategy to drive market growth and innovation.

Bold Penguin’s platform, which includes the Terminal, Exchange, Storefront, and Analytics, supports stakeholders in the commercial insurance industry. Under Settel’s leadership, the company plans to strengthen existing relationships and explore new strategic partnerships.

Settel succeeds founder and outgoing CEO Ilya Bodner. Both Bodner and co-founder Ben Clarke, previously Chief Data Officer, will remain involved as strategic advisors.

Before joining Bold Penguin, Settel served as Chief Strategy and Technology Officer at American Family Insurance and played a role in transforming its capabilities. Earlier in his career, he was EVP and CIO at Homesite Insurance and co-founder of MediaLink Interactive.

Settel holds a Bachelor of Science in Finance from Babson College.