Jack Ramsey joins AI neo-insurer MGT as Vice President of Revenue. Business Wire Former NEXT Insurance agent-channel leader and Allstate Business Insurance executive brings more than 35 years of distribution experience to scale MGT's technology-enabled growth SAN FRANCISCO-(BUSINESS WIRE)- MGT, the leading AI-native neo-insurer modernizing commercial P&C insurance, today announced the appointment of Jack Ramsey, CLU, LUTCF, as Vice President of Revenue to lead distribution, marketing and go-to-market strategy as the company continues expanding its platform for small businesses and the agents who serve them. Ramsey joins MGT from NEXT Insurance, where he led the agent distribution channel for the digital-first small-commercial carrier. His more than 35-year insurance career spans senior sales and distribution roles across Nationwide, Liberty Mutual, Allstate Business Insurance, CNA and NEXT, bringing deep experience across traditional carrier models and technology-enabled insurance platforms. "Everything we build at MGT starts with the agent experience, and Jack has spent his entire career understanding and meeting their needs," said Graham Topol, Co-Founder and Co-CEO at MGT. "He knows what agents need to succeed better than almost anyone in this industry, and that perspective will be indispensable to service our rapidly expanding distribution footprint." Ramsey began his insurance career as a Nationwide agent before moving into sales management and national distribution leadership roles. He later served as Senior Branch Manager at Liberty Mutual and National Sales Leader at Allstate Business Insurance, before becoming Vice President of Small Business Sales at CNA, where he oversaw national small-business distribution strategy across field sales, inside sales, national brokers, online distributors and aggregators. At NEXT, he helped build the company's agent-channel business and supported major distribution growth. "MGT is doing what I have spent my career pushing the industry toward," said Jack Ramsey, Vice President of Revenue at MGT. "MGT is one of the first full-stack insurers applying AI directly to agent productivity, not just backend efficiency. It is using technology to give agents more capacity, not to replace them. I am eager to help MGT deliver smarter, faster, and more accessible insurance coverage for small businesses and the agents who serve them." Ramsey's appointment follows a period of rapid expansion for MGT, whose AI-powered commercial platform now spans 48 states and Washington, D.C. Following its $21.6 million Series B funding round, MGT continues to invest in the best and brightest leaders across insurance and technology who can help scale its vertical AI model for agents, brokers and small-business customers. About MGT MGT is a vertical AI neo-insurer designed to modernize commercial P&C insurance for small businesses and their agents. By leveraging a full-stack model that integrates data and technology, MGT is improving the entire insurance buying process from data to policy, streamlining what used to be a weeks-long process into a matter of minutes. MGT supports small businesses navigating insurance by addressing their biggest challenges with the expertise and forward-thinking that define the industry. MGT Insurance is an "A-" AM Best rated carrier with a national presence in both admitted and E&S markets. For more information about MGT, please visit mgtinsurance.com. Media Maddie Hirsch Caliber Corporate Advisers for MGT Insurance 773-899-6281 [email protected]

MGT, an AI-native neo-insurer, has launched an Artisan Contractor Business Owner's Package bundling general liability and property protection for small specialty contractors including plumbers, electricians and painters. The AI-powered platform enables insurance agents to quote and bind coverage in under three minutes. The product targets contractors focused on service, repair and standard installation work, with policies starting at $750 annually. It provides instant Certificates of Insurance, which contractors need to begin jobs, and protects tools, equipment and business operations under a single policy. The launch follows MGT's $21.6 million Series B funding in 2025 and recent senior appointments. The company aims to modernise commercial property and casualty insurance for small businesses using its vertically integrated AI platform. MGT Insurance holds an "A-" AM Best rating.

MGT Insurance raised $21.6 million in a Series B round led by Mubadala Capital, with participation from Clocktower Ventures, Tacora Capital, and existing investors. The funding will enhance R&D, AI capabilities, and expand Excess & Surplus growth nationwide. MGT, serving nearly 30,000 customers, achieved profitability before its second anniversary and claims $3 million in annual recurring revenue per employee. Co-CEOs Michael and Graham Topol emphasize the impact of AI and technology in transforming the insurance industry.