The provider also hit the headlines last year when it announced a new strategic partnership with RT.
Settel brings over 25 years of experience in the property and casualty insurance market, with expertise in technology, strategy, and market growth. He succeeds founder and outgoing CEO Ilya Bodner.
Under Settel’s leadership, Bold Penguin will continue to enhance its platform, which includes the Terminal, Exchange, Storefront, and Analytics, to better serve the needs of its customers in the commercial insurance industry.
Prior to joining Bold Penguin, Settel served as Chief Strategy and Technology Officer at American Family Insurance. He also brings experience from his role as EVP and CIO at Homesite Insurance and as co-founder of MediaLink Interactive.
Bodner and co-founder Ben Clarke will remain involved with Bold Penguin as strategic advisors.
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.
