American Growth Insurance (AGI), an insurance brokerage specialising in commercial and personal lines, has launched with nearly $70m in committed equity to build an AI-enabled brokerage platform designed to support independent agencies across the US.
AGI acquires independent insurance agencies and brokerages in the US and then embeds AI-native operations into their infrastructure to bolster productivity, profitability and long-term growth.
Before launching publicly, AGI spent a year testing its AI-first operating model across 10 agencies, claiming the approach increased average agency profitability by more than 50% through higher revenue generation and improved operational efficiency. Following its first acquisition, the company plans to continue expanding its brokerage network and exceed $10m in revenue by the end of 2026.
The company is targeting a fragmented insurance distribution market where smaller brokers continue to face challenges competing with larger firms. Citing MarshBerry data, AGI said the 50 largest US brokers account for 96% of industry revenue, leaving smaller firms with limited scale and slower growth.
AGI CEO Brian Morgan said, “American Growth Insurance is building out the next-generation, national insurance brokerage platform. AGI will deploy custom-built native AI technology, tailored to the operations of our partner firms, which is designed to facilitate collaboration and producer development.”
He added, “Unlike traditional acquirers, AGI is an operator that’s seeking true partnerships with independent agencies and brokerages. We are building a company where our partner firms sit at the table, shaping our strategy, technology and growth.”
Rockbridge Growth Equity partner Tony Pulice said, “AGI’s goal is to help smaller brokers leverage technology while supporting the high-touch service their customers demand. We believe Rockbridge’s experience deploying this model in related industries provides a solid road map for AGI.”
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