MGT Taps Google and Tech Vets to Scale AI Insurance Disruption

SAN FRANCISCO, CA – December 03, 2025

The trillion-dollar commercial insurance industry, long characterized by manual processes and legacy systems, is facing its own digital reckoning. At the forefront of this disruption is MGT, a neo-insurer built from the ground up with artificial intelligence at its core. The company has now signaled a major escalation in its growth strategy, poaching two senior leaders from the heart of Silicon Valley to build the operational muscle needed to scale its AI-driven vision.

MGT announced the appointment of Naydia Chantarasompoth, a veteran of Google and its elite AI division Gemini, as Chief of Staff, and Annie Pratt, former President of the public EV technology company NXU, as Head of Growth Operations. These hires are not just additions to the C-suite; they represent a strategic injection of enterprise-level discipline and high-growth startup agility into the traditionally cautious world of property and casualty (P&C) insurance. For an industry at the crossroads of innovation, MGT's talent acquisition is a clear statement of intent.

Importing Silicon Valley's Playbook

The strategic significance of these appointments lies in the specific expertise Chantarasompoth and Pratt bring. This is about importing a playbook that has built and scaled some of the world's most dominant technology companies. As MGT co-founder and co-CEO Graham Topol stated, the goal is to "operate with the same precision our technology delivers."

Chantarasompoth arrives with over a decade of experience from the epicenter of corporate and technological strategy at Google. Her time on the staff of Alphabet's President and Chief Investment Officer, Ruth Porat, provided a masterclass in financial rigor and strategic planning at a global scale. More recently, her executive role within Google's Gemini AI division placed her at the cutting edge of AI development and deployment. At MGT, she is tasked with leading strategic planning and execution, translating the company's ambitious AI vision into a coherent, cross-functional operational reality. "MGT is building something rare: a tech company that understands insurance at its core," Chantarasompoth noted, emphasizing her goal to "help scale our operations with clarity."

Complementing this enterprise-level discipline is Annie Pratt's proven track record in hyper-growth environments. As President of NXU (formerly Atlis Motors), Pratt was instrumental in navigating the turbulent journey of a tech startup, overseeing everything from marketing and finance to operations, and ultimately taking the company public on Nasdaq. Before that, at Axon, she built an independent business unit, doubling its revenue and profit in just three years. Her experience is in creating the scalable systems and processes that prevent a rapidly expanding company from collapsing under its own weight. At MGT, she will oversee revenue operations and process design, ensuring the engine of growth runs smoothly. "MGT’s vision of a neo-insurer that moves fast and operates responsibly is what drew me here," said Pratt.

Fueling the AI Engine with Fresh Capital

These strategic hires arrive on the heels of another significant milestone: a recently closed, oversubscribed $21.6 million Series B funding round led by Mubadala Capital. This infusion of capital is the fuel for MGT's mission to accelerate its disruption of the small business insurance market. The funds are earmarked to deepen its vertical AI capabilities, fuel research and development, and expand its national footprint, which already covers 43 states and Washington D.C.

What sets MGT apart from both legacy carriers and many of its insurtech peers is its "vertically AI-native" structure. While traditional insurers struggle to bolt on AI solutions to decades-old, fragmented IT systems, MGT built its entire stack—from data ingestion to policy issuance—around AI from day one. This foundational difference allows for radical efficiency. The company reports achieving profitability before its second anniversary and boasts an impressive $3 million in annual recurring revenue per employee, a figure that speaks volumes about the power of its automated, AI-driven workflows. This model allows it to streamline what was once a weeks-long underwriting process for small businesses into a matter of minutes.

From Abstract AI to Tangible Agent Gains

For the independent agents and nearly 30,000 small business customers MGT serves, this convergence of talent, technology, and capital promises a move beyond industry buzzwords to tangible, real-world benefits. The commercial insurance landscape has long been a source of frustration for small business owners, filled with confusing jargon, burdensome paperwork, and opaque pricing.

MGT's platform aims to replace this complexity with speed and transparency. By leveraging AI to analyze vast datasets for risk assessment and underwriting, it empowers agents to provide clients with quotes and policies in minutes, not weeks. This frees agents from administrative drudgery and allows them to function as true risk advisors, engaging in more meaningful conversations with their clients. The new leadership is tasked with institutionalizing this advantage. Pratt’s focus on scalable systems for distribution and customer success is directly aimed at ensuring that as MGT grows, the agent and customer experience remains seamless and efficient. Chantarasompoth’s role in strategic execution ensures the entire organization is aligned to deliver on the core promise of a "smarter, faster, and more accessible" insurance experience.

Leading the Charge in a Transforming Industry

The broader insurance industry is waking up to the "seismic impact" of artificial intelligence. From predictive risk modeling using satellite imagery to automated claims processing, AI is no longer a futuristic concept but a competitive necessity. However, adoption is uneven and fraught with challenges. Legacy insurers grapple with data silos, regulatory hurdles, and a cultural resistance to change, often keeping promising AI pilots from scaling across the enterprise.

This is where MGT's strategy appears particularly shrewd. By being "AI-native," it sidesteps the primary obstacle of legacy system integration. Furthermore, by securing an "A-" AM Best rating, it has established the financial strength and stability that builds trust in a risk-averse market—a crucial differentiator from pure-play tech startups that lack an insurance carrier backbone. The addition of leaders like Chantarasompoth and Pratt, who understand how to implement and scale complex systems in both massive enterprises and nimble startups, equips MGT to navigate the operational and strategic challenges of rapid growth. Their arrival suggests MGT is moving from its disruptive startup phase into a new era of scalable, operational excellence, aiming to set the standard for the next generation of insurance carriers.

This calculated fusion of deep tech talent and insurance industry fundamentals positions MGT not just to compete, but to potentially redefine the rules of the game for commercial P&C insurance. As the company leverages its new leadership and capital to expand its reach, the entire industry will be watching to see how quickly this AI-native model can capture market share from incumbents who are still figuring out their AI playbook.