Bold Penguin announces Peter Settel as their new President and Chief Executive Officer

Columbus, OH, January 22, 2025 – Bold Penguin announced Peter Settel as their new President and Chief Executive Officer, positioning the company for its next phase of growth. Settel brings over twenty-five years of experience in US-based property and casualty markets, with impact through technology, strategy, and innovation driving market expansion and profitable growth.

Under Settel’s guidance, the Bold Penguin team will look to extend its existing relationships and expand its offerings through new strategic partnerships. Settel succeeds outgoing CEO and founder, Ilya Bodner. Bodner and outgoing Chief Data Officer and co-founder, Ben Clarke, will both serve as strategic advisors.

“There is a tangible excitement within Bold Penguin for our mission to simplify and transform commercial insurance. I am honored to lead this team and excited for the road ahead -- to increase shared value for our partners, agents, and customers,” stated Settel. “Bold Penguin has been an industry pioneer with digital technology, data, and AI. We will invest and build on this, through this critical technology and industry cycle -- and grow with our teams, and with our partners.”