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New AI-enabled insurance brokerage platform targets mid-market growth gap
The Atlanta-based American Growth Insurance launched with nearly $70 million in committed equity funding and aims to surpass $10 million in revenue by the end of 2026.
American Growth Insurance (AGI) has launched an AI-enabled specialty insurance brokerage platform aimed at closing what it describes as a widening growth gap among mid-market independent agencies. MarshBerry data cited by Insurance Business show that the top 50 US brokerage firms account for 96% of industry revenue, while the next 50 firms account for just 4%.
AGI said the gap is driven by both slower expansion prospects and a shrinking buyer pool for independent owners. MarshBerry data show firms ranked 50 to 100 have a five-year CAGR of 7.1%, less than half the rate of the 50 largest, and OPTIS Partners data show active acquirers fell from 104 firms to 95 in 2025.
The company launched with nearly $70 million in committed equity funding, backed by Rockbridge Growth Equity and Atomic, a venture capital studio. AGI plans to grow using an acquisition-led, AI-first operating model focused on commercial and personal lines clients, and said it worked with 10 agencies for a year to develop and test the platform before completing its first acquisition.
AGI’s chief executive, Brian Morgan, said the firm operates as a partner rather than a traditional consolidator, with partner agencies retaining a seat in shaping strategy and technology decisions. Insurance Business reports that the pilot lifted average agency profitability by more than 50% through revenue gains and productivity improvements, and that AGI plans several more deals before targeting more than $10 million in revenue by the end of 2026.