American Family Insurance completed the acquisition of Bold Penguin.

American Family Insurance, an American private mutual company, completed the acquisition of Bold Penguin, a technology company that simplifies and quickens the often complicated and time-consuming process of obtaining small business insurance. Financial terms were not disclosed. "We welcome Bold Penguin’s incredibly talented, nimble and customer-driven team. Like American Family, they believe that innovating and collaborating with others is the best way to meet customers’ wide-ranging needs," Bill Westrate, American Family President and CEO-Elect.