Global Indemnity Group, LLC (GBLI) has announced that its subsidiary, Penn-America Underwriters, LLC (PAU), has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance.
With Sayata, PAU aims to accelerate its roadmap by expanding distribution, product offerings, and technology capabilities.
Praveen K. Reddy, President and CEO of PAU, commented, “The acquisition of Sayata directly supports our strategy to deliver faster, smarter distribution solutions for specialty insurance and new products. We are excited to welcome the Sayata team, and to invest and grow the business.”
“We are thrilled to welcome Sayata to the GBLI family,” said Saul Fox, Chairman of GBLI. “Sayata’s innovative technology and strong industry partnerships align perfectly with our vision under Project Manifest. Together, we will expand our digital capabilities, deepen relationships with customers, and accelerate growth.”
Asaf Lifshitz, co-founder and CEO of Sayata, added, “Our focus for years has been delivering a fantastic experience for our customers and partners.
“We see this partnership as a way to expand the reach of Sayata distribution and product portfolio, while continuing to deliver best-in-the-industry economics for our customers.”
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