MEMBERS IN THE NEWS

SOCIETY INSURANCE PARTNERS WITH LOCAL Members in the N ws e RESTAURANTS TO FEED HEALTHCARE WORKERS AND FAMILIES IN NEED

Austin, TX (February 22, 2021) - In response to the devastating winter storm that left thousands of Austinite’s without power, food and water, Wisconsin-based Society Insurance, which launches in the Austin market later this year, partnered with several locally-owned restaurants over the weekend to donate more than 1,200 prepared meals to healthcare workers and families in need.

With the assistance of the incredible teams at P. Terry’s, Taco Deli, Santa Rita Cantina and TacoShack, Society was able to purchase and distribute these meals to St. David’s Medical Center,Ascension Seton Medical Center and SAFE Alliance shelters.

“Our team feels incredibly fortunate that we could support the Austin community at such a critical time,”said Rick Parks, Society Insurance president & CEO. “Working alongside these beloved Austin restaurants, we were able to provide a warm, comforting meal to those who needed it most. We are proud to join this wonderful community.”

Society Insurance launches in the Texas market later this year and is recognized as an industry leader in providing superior restaurant and bar insurance coverage specifically tailored to the unique operations of each business.

To find out how Society can help your business, visit www.societyinsurance.com/texas.

ABOUT SOCIETY INSURANCE: Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915. As a mutual insurance company, Society focuses on the small details that make a big difference to its policyholders while offering top-notch insurance coverage, service and competitive pricing to businesses in Colorado, Illinois, Indiana, Iowa, Minnesota, Tennessee and Wisconsin. Visit www.societyinsurance.com to learn more.

PIE INSURANCE IS BUILDING THE FUTURE OF SMALL BUSINESS INSURANCE WITH $118 MILLION IN SERIES C FUNDING

Led by Allianz X and Acrew Capital, the round will enable further innovation, new business offerings, and rapid expansion

Denver, CO (March 25, 2021) - Pie Insurance, an insurtech specializing in workers’ comp insurance for small businesses, today announced the completion of a $118 million Series C funding round. Investors Allianz X and Acrew Capital led the round, and existing investors Greycroft, SVB Capital, SiriusPoint, Elefund, and Moxley Holdings also participated in the round.

Pie Insurance was built on a foundation of data and advanced analytics that power its entire coverage experience for small businesses. Today’s investment will enable Pie to invest further in technology and automation, as well as to grow its core workers’ comp insurance business, and lay the groundwork for new business offerings in 2021 and beyond. “Commercial insurance is long overdue for the online transformation that personal lines have benefited from for years,” said John Swigart, Co-founder and CEO of Pie Insurance.

“Now more than ever, small businesses deserve to be supported, not hindered, by their insurance company. Pie is leading the charge in building a more affordable and modern insurance experience, and today’s funding enables us to expand our operations and invest in technology and tools that will have an immediate impact on our customers and partners.”

“Pie is fundamentally transforming the commercial property and casualty insurance market in the U.S.,” said Dr. Nazim Cetin, CEO of Allianz X. “Using pioneering technology, Pie has revolutionized the customer experience, ensuring that a previously-lengthy process has become more efficient for everyone involved. The company has enormous growth potential far beyond its current core business. For Allianz, there are plenty of opportunities for cooperation with Pie, for example, in the joint development and sale of insurance solutions. We also see collaboration potential with some of our other B2B portfolio companies.”

“In less than four years, Pie has become one of the fastest growing insurtechs in the country, and we’re thrilled to partner with a team that has a passion for improving small business insurance through technology,” said Lauren Kolodny, Founding Partner at Acrew Capital. “Pie’s impact on small businesses has been incredible to watch, and we believe they are one of the most compelling companies in insurance today.”

This funding round follows Pie’s $127 million Series B extension round in May 2020, in which it formed Pie Carrier Holdings with a $100 million equity capital commitment to create and purchase licensed insurance companies.

In total, Pie has raised over $300 million in funding since being founded in 2017.

ABOUT PIE INSURANCE

Pie Insurance is modernizing small business insurance by automating the entire experience to provide simple, trusted, and affordable coverage. Pie’s unique combination of innovative technology, sophisticated analytics, and industry expertise enables savings of up to 30% for small business owners on AM Best A- (Excellent) rated workers’ comp insurance directly through its website or through partner agents. Since 2017, Pie has received over $300M in funding, grown its gross written.

ACUITY ANNOUNCES STAFF MANAGEMENT PROMOTIONS

Adam Dillman is promoted to Manager – Commercial Underwriting for the Wyoming and Western South Dakota teams. He joined Acuity in 2013 as a Commercial Underwriter. During his time at Acuity, Adam has handled territories in the states of Nebraska, Kansas, Missouri, North Dakota, and most recently Oregon. He was promoted to Senior Commercial Underwriter in 2018. Prior to joining Acuity, Adam gained management experience in his work as an assistant branch manager of a bank. Adam is a 2010 University of Wisconsin-Whitewater graduate with a major in business administration. He lives in Sheboygan with his wife and two daughters.

Chris Lensmeyer is promoted to Manager – Business Systems. Chris started her career with Acuity in March 1993 as a Business Analyst. She was promoted to Senior Business Analyst in 1996 and Director – Business Systems in 2020. Chris is a University of Wisconsin-Green Bay graduate with a double major in psychology and criminology. She furthered her education by earning her Certified Leadership Professional (CLP) designation. She resides in Manitowoc, Wisconsin.

ABOUT ACUITY INSURANCE: Acuity Insurance, headquartered in Sheboygan, Wisconsin, insures over 125,000 businesses, including 300,000 commercial vehicles, and nearly a half million homes and private passenger autos across 29 states. Rated A+ by A.M. Best and S&P, Acuity employs over 1,400 people.

WEST BEND, THE BIG I OF WISCONSIN, AND DAIS TEAM UP TO HELP AGENTS SELL DIGITALLY

West Bend digital Business Owners Policy for select office classes. Matt Banazynski, CEO of the Independent Agents of Wisconsin, says this digital product is significant because independent agencies can now launch a product with a single line of code.

Murali Natarajan, CIO for West Bend, describes why this digital offering is important: “We understand that technology is moving quickly and we want to give our agents every advantage we can help provide. The West Bend team engineered workflows to take customer experience to the next level by working side by side with our underwriters, agency partners, and the IIAW.” Agents can now get a “quick quote” for any operation in the Businessowners Policy (BOP) office segment using the Dais Agency Platform. This new feature allows agents to enter relevant information and receive a quote with our new digital product within minutes. The number of risks eligible for the quick quoting feature total more than 30 and include accounting services, graphic art and design, insurance agents, medical offices, and veterinarian or veterinary hospitals.

Through the partnership with Dais, Big I members appointed with West Bend are able to start quoting West Bend products, and other complementary products, with a single line of code on their web site. Matt Banaszynski explained why this type of initiative is important for independent agents: “Online financial and insurance transactions are up 50% by most estimates, and the trend is clearly not going away. Our agents need the right tools and the right partners to compete in this new world, and we’re excited to see some of our agents’ favorite companies like West Bend enabling agents.”

Jason Kolb, CEO of Dais, explained why this is such a great partnership: “All of us believe in independent agents. They are the risk experts, the marketing and sales experts, and they are entrepreneurs. The shift to digital is an opportunity for growth, and it’s our job to provide the right tools. We are giving agents a single line of code that opens up a million possibilities, and this is just the beginning.”

ABOUT WEST BEND MUTUAL INSURANCE:

Headquartered in West Bend, Wisconsin, the company employs more than 1,300 associates and partners with 1,500 independent insurance agencies in 13 states to offer their customers a broad personal lines coverage package and a full range of commercial products and services, including insurance for specialty lines and bonds. West Bend has been rated A (Excellent) or better by A.M. Best since 1971, and consistently ranks higher than its competitors in an agency loyalty survey.

ABOUT DAIS: Dais provides a cloud-based insurance platform that is used by agents and carriers to bring new products to market and to make it easier to do business with them. They use the Dais platform to quickly create new products, distribute them to policyholders, and make the insurance-buying and insurance-servicing lifecycle easier for everyone. For more information please visit dais.com