Beazley, a leading insurer of data privacy, network security and fidelity risks, has expanded its crime & fidelity bond underwriting team with the addition of Michael Kontonotas, who will work from the company’s New York office.

Kontonotas 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, according to a statement.

Beazley offers commercial crime insurance, which includes fraudulent instruction coverage, on an admitted basis for nonfinancial 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 computer crime and account takeover coverages for financial institutions.

Topics Fraud