MGT, a vertically artificial intelligence (AI)-native neo-insurer, has entered into a strategic partnership with Amwins, a distributor of specialty insurance products and services, to select risks in the rapidly expanding Excess & Surplus (E&S) market through its proprietary AI-driven underwriting and pricing platform.
This partnership aims to combine Amwins’ unparalleled wholesale reach with MGT’s breakthrough AI technology that underwrites complex commercial risks instantly rather than in days, to help brokers gain instant access to competitive, data-driven quotes for specialty risks, and service policyholders with faster coverage decisions and more precise pricing.
According to AM Best, the US surplus lines market reached a historic seventh consecutive year of double-digit growth to nearly $130 billion in direct written premiums.
The move follows the closing of MGT’s $21.6 million Series B funding round in October 2025, and the recent appointments of Naydia Chantarasompoth and Annie Pratt to scale operations.
Ben Sloop, President and Chief Operating Officer, Amwins, commented, “Amwins is relentlessly focused on innovation and continuous improvement. This collaboration with MGT, as one of the industry’s leading digital-forward carriers, is a bold step forward. It reflects our commitment to streamlining the small commercial E&S space and investing in AI-enabled platforms that improve outcomes for our retail clients and their insureds.”
Graham Topol, Co-Founder and Co-Chief Executive Officer (CEO), MGT, added, “This partnership with Amwins demonstrates what’s possible when great insurance fundamentals meet revolutionary technology. Thanks to Amwins’ collaboration, we’re proving that AI can deliver massive ROI while maintaining the underwriting rigour the E&S market demands.”
Chad Nitschke, General Manager, MGT Specialty, MGT, said, “The E&S opportunity is significant, and it works when we empower the brokers on the front lines. Partnering with Amwins on Lessers’ Risk Only (LRO), our first E&S product, means brokers get fast underwriting decisions for small commercial risks that used to take days or weeks. When you combine the right technology with the right distribution partner, you unlock real value for the market.”
