Penn-America Underwriters Expands Digital Distribution Capabilities with Sayata Acquisition

Penn-America Underwriters has acquired Sayata, an AI-enabled digital distribution marketplace for commercial insurance. The acquisition complements Penn-America's strategy to deliver faster, smarter distribution solutions for specialty insurance and new products. The deal will enable Penn-America to expand distribution, product portfolio, and technology capabilities. Sayata's innovative technology and strong industry partnerships align with Penn-America's vision under Project Manifest.

Penn-America Underwriters, a subsidiary of Global Indemnity Group, LLC (NYSE: GBLI), has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace for commercial insurance. The acquisition is part of Penn-America's strategic reorganization to focus on agency and insurance services, aiming to deliver faster and smarter distribution solutions for specialty insurance and new products.

The acquisition will enable Penn-America to expand its distribution, product portfolio, and technology capabilities. Sayata's AI-powered platform, which supports over ten thousand insurance professionals across the U.S., will help Penn-America streamline operations and grow its books of business faster. Sayata's platform leverages advanced data analytics and machine learning to deliver high ROI to its broker partners.

Praveen K. Reddy, President and CEO of Penn-America Underwriters, remarked, "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."

Saul Fox, Chairman of Global Indemnity Group, LLC, stated, "We are thrilled to welcome Sayata to the GBLI family. 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 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."

This acquisition complements Penn-America's ongoing efforts to leverage AI and technology to improve operational efficiency and customer experiences. It also aligns with Global Indemnity Group's broader strategy to enhance its digital capabilities and expand its market reach.

References:
[1] https://www.morningstar.com/news/pr-newswire/20250902ne61606/shift-provides-tokio-marine-nichido-fire-insurance-with-new-generative-ai-capabilities-for-fraud-detection-and-claims-processing-optimization-initiatives
[2] https://www.businesswire.com/news/home/20250902740057/en/Penn-America-Underwriters-Acquires-Sayata-an-AI-Enabled-Digital-Distribution-Marketplace-for-Commercial-Insurance