MGT, an AI-native neo-insurer designed to modernise commercial P&C insurance, has announced the appointment of Joe Magdovitz as Head of Finance.
In his new role, Magdovitz will lead and grow the company’s finance function to support its continued rapid growth across new markets and distribution channels. He will report directly to Michael Topol, Co-Founder and Co-CEO of MGT.
He brings more than 15 years of strategic finance experience across insurance, fintech and marketplace businesses.
Magdovitz joins MGT from Vouch Insurance, where he served as Chief Financial Officer, leading the sale of the company’s underwriting business to Hiscox, overseeing multiple equity and debt financings, and helping drive more than 3x growth in written premium during his tenure.
Prior to that, he held senior finance and other leadership roles at Kiavi (acquired by Figure), where he successfully scaled financial operations during high-growth phases.
Topol said, “MGT is entering a new phase of growth, and as an AI and financial services company, finance plays a central role in how we scale the business.
“Building a category-defining company requires exceptional financial leadership alongside operational excellence. As we continue to expand our platform, invest in our AI capabilities and accelerate our growth, financial leadership becomes a true competitive advantage. Joe has helped build organizations through periods of rapid expansion, and his combination of operating, insurance and capital markets experience will help us execute on our vision and capitalize on the enormous opportunity ahead.”
Magdovitz added, “MGT has built incredible momentum by bringing a different approach to commercial insurance, and I’m excited to join the team at this inflection point in the journey.
“I look forward to working with this exceptional team and building the infrastructure to support MGT as it scales and continues to deliver for our customers.”
