PHILADELPHIA: Global Indemnity Group, LLC (NYSE: GBLI) announced Wednesday that its subsidiary, Penn-America Underwriters, LLC (PAU), has acquired Sayata, an AI-powered digital distribution platform for commercial insurance.
The acquisition aligns with GBLI’s strategic reorganization of PAU to focus on agency and insurance services. Sayata’s integration is expected to accelerate PAU’s roadmap by expanding distribution channels, enhancing its product portfolio, and deepening technology capabilities.
“The acquisition of Sayata directly supports our strategy to deliver faster, smarter distribution solutions for specialty insurance and new products,” said Praveen K. Reddy, President and CEO of PAU. “We are excited to welcome the Sayata team, and to invest and grow the business.”
Saul Fox, Chairman of GBLI, added, “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.”
Sayata CEO and co-founder Asaf Lifshitz said the partnership will allow the company to broaden its reach while continuing to deliver high-value economics to customers. “Our focus for years has been delivering a fantastic experience for our customers and partners,” Lifshitz said.
Sayata has supported over 10,000 insurance professionals across the U.S., placed tens of thousands of policies, and partnered with top-tier carriers to offer a broad suite of commercial insurance products. Its AI-enabled platform streamlines operations and enhances broker productivity through advanced data analytics and machine learning.
Global Indemnity Group, LLC is a publicly listed holding company for property and casualty insurance businesses. Its PAU unit includes multiple agencies and strategic service providers, while Belmont Holdings GX, Inc. oversees five AM Best-rated carriers.