MGT, an AI-native carrier specializing in commercial property and casualty insurance, has announced a strategic partnership with Amwins, a prominent independent wholesale distributor of specialty insurance products, to deploy MGT’s AI-powered underwriting and pricing platform for select risks within the rapidly expanding Excess & Surplus (E&S) market across the United States.
The collaboration aims to enhance how specialty insurance is underwritten, priced, and placed. Amwins’ extensive wholesale distribution network, which includes over 138 offices globally and handles approximately $45 billion in annual premium placements, will be combined with MGT’s AI technology. This integration is designed to enable instant underwriting of complex commercial risks, a process that traditionally takes days. The expected outcomes include faster access to competitive, data-driven quotes for brokers and expedited coverage decisions with more precise pricing for policyholders.
Ben Sloop, President and Chief Operating Officer of Amwins, stated that the collaboration with MGT, identified as a leading digital-forward carrier, represents a move to streamline the small commercial E&S sector and invest in AI-enabled platforms to improve results for retail clients and their insureds.
Graham Topol, Co-Founder and Co-CEO of MGT, commented that the partnership demonstrates the potential when foundational insurance principles meet revolutionary technology, proving AI’s ability to deliver significant ROI while maintaining underwriting rigor required by the E&S market.
The U.
S. surplus lines market has seen substantial growth, reaching nearly $130 billion in direct written premiums, marking seven consecutive years of double-digit expansion, according to AM Best. Historically, the E&S market has been characterized by labor-intensive processes and operational delays, which traditional underwriting workflows struggled to manage amid record volumes. MGT and Amwins are leveraging AI to underwrite, segment customers, and price risk with increased speed and accuracy in the E&S sector.
Chad Nitschke, General Manager of MGT Specialty at MGT, highlighted the significance of the E&S opportunity and the empowerment of brokers. He noted that partnering with Amwins for MGT’s first E&S product, Lessers’ Risk Only (LRO), will provide rapid underwriting decisions for small commercial risks that previously took days or weeks. He added that combining the right technology with the right distribution partner unlocks real value for the market.
This announcement follows MGT’s $21.6 million Series B funding round in 2025 and recent key appointments, including Naydia Chantarasompoth and Annie Pratt, aimed at scaling operations and fostering growth as the company expands its insurance coverage for small businesses across the U.
S.
MGT is described as a vertical AI neo-insurer focused on modernizing commercial P&C insurance for small businesses and their agents. Its full-stack model integrates data and technology to streamline the insurance buying process from weeks to minutes. MGT Specialty is the company’s surplus lines (E&S) entity, offering customized solutions for unique and hard-to-place risks. MGT Insurance holds an “A-” AM Best rating across national admitted and E&S markets.
Amwins, headquartered in Charlotte, N.
C., is the largest independent wholesale distributor of specialty insurance products in the U.
S. The company serves retail insurance agents by providing property and casualty products, specialty group benefits, and administrative services, operating through more than 138 offices globally and handling nearly $50 billion in premium placements.
