Penn-America Underwriters completed the acquisition of Sayata.

Penn-America Underwriters, a specialized subsidiary of GBLI, focusing on the underwriting, distribution and servicing of insurance products tailored for small businesses, completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance. Financial terms were not disclosed. "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," Praveen K. Reddy, Penn-America Underwriters President and CEO.