AI Neo-Insurer MGT Launches New Small Commercial Insurance Coverage for Artisan Contractors
MGT, a vertically AI-native neo-insurer, today launched its new Artisan Contractor Business Owner’s Package (BOP) to bundle general liability and property protection for plumbers, electricians, painters and more. Powered by MGT’s proprietary AI platform, insurance agents can quote and bind coverage in less than three minutes—delivering unprecedented speed and underwriting rigor to the artisan contractor market.
AI Neo-Insurer MGT Adds Senior Leaders from Google and High-Growth Tech Startups to Scale Operations and Drive Growth
MGT, a vertically AI-native neo-insurer built to modernize P&C commercial insurance for small businesses and their agents, today announced the addition of two strategic hires to its leadership team: Naydia Chantarasompoth has been named as Chief of Staff, and Annie Pratt has been appointed as Head of Growth Operations. Together, they will focus on building the infrastructure, cadence and cross-functional discipline needed to support MGT’s rapid growth and ongoing AI-driven innovation.
AI Neo-Insurer MGT Closes $21.6M Oversubscribed Series B to Redefine Commercial P&C Insurance for Small Businesses
MGT, a vertically AI-native neo-insurer built to modernize commercial P&C insurance for small businesses and their agents, today announced it has closed an oversubscribed $21.6 million Series B funding round. The round was led by new investors Mubadala Capital with participation from Clocktower Ventures, Tacora Capital and existing investors.
