MGT, a vertical artificial intelligence (AI) native neoinsurer, has entered into a strategic partnership with Amwins, a distributor of specialty insurance products and services, to select risks in the rapidly expanding excess and surplus (E&S) market through its proprietary AI-driven underwriting and pricing platform.
The partnership is designed to combine Amwins’ unparalleled wholesale coverage with MGT’s groundbreaking artificial intelligence technology that underwrites complex commercial risks immediately, rather than within days, helping brokers instantly obtain competitive, data-driven quotes for specialty risks and serve policyholders with faster underwriting decisions and more precise pricing.
The U.S. surplus lines insurance market posted double-digit growth for the seventh consecutive year, with direct written premiums approaching $130 billion, according to AM Best.
Prior to this, MGT completed a $21.6 million Series B financing in October 2025 and recently appointed Naydia Chantarasompoth and Annie Pratt to expand the business.
Ben Sloop, President and Chief Operating Officer of Amwins, commented: “Amwins is relentlessly focused on innovation and continuous improvement. As one of the industry’s leading digital carriers, this partnership with MGT is a bold step forward. It demonstrates our commitment to simplifying the small commercial E&S landscape and investing in an artificial intelligence platform to improve outcomes for our retail customers and their insureds.”
Graham Topol, co-founder and co-chief executive officer (CEO) of MGT, added: “The partnership with Amwins demonstrates what is possible when excellent insurance fundamentals are combined with revolutionary technology. Thanks to the partnership with Amwins, we are demonstrating that artificial intelligence can deliver significant ROI while maintaining the underwriting rigor required by the E&S market.”
“The E&S opportunity is huge and it comes into play when we empower frontline brokers,” said Chad Nitschke, general manager at MGT MGT Specialty. “Partnering with Amwins to launch our first E&S product, Lessers’ Risk Only (LRO), means brokers can make quick 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 can unlock real value to the market.”
