MGT Insurance Expands Leadership Team with Key Hires to Drive Continued Growth and AI Initiatives

Joe Barneson Named Head of Engineering, While Eric Bloedorn Joins as Head of Data & Technical Product

GREENWOOD VILLAGE, Colo. & MADISON, Wis.--(BUSINESS WIRE)--MGT Insurance, the first AI neo-insurer focused on evolving commercial P&C insurance for brokers and small business owners, today announced two strategic additions to its leadership team: Joe Barneson has been named Head of Engineering and Eric Bloedorn has been hired as Head of Data & Technical Product. These appointments will help bolster MGT’s capabilities, underscoring the company’s commitment to driving innovation in the insurance industry.

Barneson, an engineering and product executive with more than 15 years experience in venture-backed startups, joins MGT to lead its engineering initiatives. With a proven track record of scaling teams and delivering innovative solutions, Barneson brings deep expertise from several previous leadership roles, including as CTO at Bunker and as VP of Engineering at Bold Penguin. At MGT, he will spearhead the development of advanced technological systems to enhance efficiency and scalability.

"I'm thrilled to join MGT Insurance during this exciting time in the company’s growth," said Barneson. "The opportunity to leverage AI and modern technology in building a next-generation insurer is unparalleled, and I look forward to driving meaningful impact and working alongside the talented and experienced leadership team at MGT."

Bloedorn, a seasoned product management leader, brings more than a decade of experience in insurance, technology, and data to his role leading data and technical product. Most recently, he served as Director of Product Management at Bold Penguin, where he led transformative initiatives that streamlined insurance quoting and underwriting processes. At MGT, Bloedorn will oversee data strategy and technical product innovation to accelerate the company’s growth.

"Joining MGT Insurance is an incredible opportunity," said Bloedorn. "The company's vision for harnessing data and technology to transform the insurance landscape is inspiring, and as the importance of data continues to grow in insurance, I’m eager to contribute to the company’s continued success."

Michael Topol, Co-CEO and Co-Founder of MGT Insurance, expressed enthusiasm about the appointments and their roles in the company’s future.

"Joe and Eric are exceptional leaders with deep expertise in their respective fields, using technology and data to drive innovation in insurance,” he said. “We are at a critical juncture in our development and their addition to our team marks a significant step forward in our mission to apply AI and Big Data to revolutionize insurance for small businesses across the country – we’re thrilled to have them onboard."

The addition of Barneson and Bloedorn comes on the heels of the launch of MGT Specialty, MGT’s surplus lines (E&S) company, and the announcement that Chad Nitschke, formerly of Hiscox, has joined the team as General Manager to lead MGT Specialty. For more information about MGT Insurance and our leadership team, please visit https://mgtinsurance.com/.

About MGT Insurance

MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for brokers and small business owners. MGT is ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. MGT addresses common insurance pain points while honoring the knowledge, history, and innovation that are the hallmarks of the industry today. MGT Insurance is an “A-” AM Best rated carrier with a national presence. For more information or business development inquiries, please reach out to [e-mail]. For media inquiries, contact [e-mail].