NEW YORK, N.Y., June 25, 2015 (GLOBE NEWSWIRE) -- Beazley, a leading insurer of data privacy, network security and fidelity risks, has announced the addition of Michael Kontonotas to the company's crime & fidelity bond underwriting team. He will work from the company's New York office.
Mr. Kontonotas has seven years of underwriting experience and was most recently a fidelity and kidnap & ransom underwriting consultant at CNA, where he significantly increased the company's new business growth for both the Eastern and Western regions. He also holds a business degree from Hofstra University.
"We are very fortunate to have an underwriter of Michael's caliber join the team. His background in the increasingly sophisticated crime and fidelity bond risk arenas will definitely strengthen our foothold in the marketplace," said Bill Jennings, who heads the financial fidelity/commercial crime unit for Beazley in New York.
Beazley offers commercial crime insurance, which includes fraudulent instruction coverage, on an admitted basis for non-financial companies with revenues of more than $50 million, as well as fidelity bond insurance for financial institutions with greater than $500 million in assets. The company also offers the industry's most advanced computer crime and account takeover coverages for financial institutions.