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# Mandl launches with insurer, claims administrator and operations platform
- URL: https://thecoverwire.com/mandl-launches-ai-commercial-insurance-holdco/
- Published: 2026-10-20T12:06:47.000Z
- Updated: 2026-11-02T11:47:22.000Z
- Description: Rushil Goel's San Francisco group starts with commercial insurer Nirvana, claims administrator Vega and operations platform Cooper.
- Author: CoverWire
- Tags: AI, #desk-markets, #brief

Rushil Goel launched Mandl on 19 October as a group spanning commercial insurance underwriting, claims and operations, announcing the business at the 2026 Target Markets TMPAA Summit.

The San Francisco company starts with three independent operating businesses: commercial insurer Nirvana, claims administrator Vega and Cooper, an operations platform for agencies, brokerages, MGAs and carriers. Mandl describes Nirvana and Vega as AI-native and Cooper as an AI operations platform.

Goel cofounded Nirvana, which has grown to more than $300m in run-rate premium, according to the announcement. He previously led Samsara's Connected Fleets platform, scaling it to more than $500m in annual revenue.

The group is backed by General Catalyst, Lightspeed Venture Partners and Valor Equity Partners.

Jon Hammer, previously general manager at Nirvana, has been named the insurer's chief executive. He will lead the business with cofounder and chief actuary Alex Carges, while Goel remains Nirvana's chairman.

Related coverage: [Insurify opens its marketplace to personal AI agents with an MCP gateway](https://thecoverwire.com/insurify-ai-agent-gateway-mcp-quotes/) and [Opterrix launches AI tool for portfolio exposure and accumulation](https://thecoverwire.com/opterrix-ai-portfolio-management-exposure-accumulation/).

## Sources

- [Mandl launch announcement on GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/19/3383720/0/en/mandl-launches-to-rebuild-the-full-engine-of-commercial-insurance-with-ai.html?ref=thecoverwire.com)
- [Mandl launch post](https://mandl.ai/news/introducing-mandl?ref=thecoverwire.com)