Beazley hires four underwriters in its CyEx division

Specialist insurer Beazley has appointed four new underwriters in its Chicago-based cyber and executive risk (CyEx) division.

Jon Perry and Megan Feyereisen join as executive risk underwriters, while Brett Kreiter and Rich Michaels underwrite cyber and technology errors and omissions (E&O).

Perry joins from Allied World where he spent more than six years as a public D&O underwriter in the Midwest. Before that he was an executive risk underwriter at Travelers.

Feyereisen was previously at Hiscox where she led the Midwest cyber and executive risk team of underwriters. She previously spent more than four years at Chubb underwriting private and non-profit accounts.

Kreiter, who serves as regional manager of Beazley’s Midwest team, joins from Zurich where his roles included underwriter for large accounts and head of the US middle market. He is responsible for expanding Beazley’s regional footprint.

Michaels joins from Allianz where he was lead cyber and E&O underwriter for the Midwest and South. Before that he was at Marsh’s graduate training programme, specialising in casualty and financial and professional liability.

Bethany Greenwood, global head of cyber & executive risk at Beazley, said: “We have an incredible team and we’re excited to continue to strengthen this division, and particularly to build out our offering in the Midwest.”

The announcement comes 18 months after Beazley merged its cyber and tech team with its executive risk team, including D&O, employment practices liability and M&A insurance, to form the CyEx division.

Last year CyEx accounted for 27 percent of Beazley’s gross written premiums, it said. Greenwood took over as the new global head of the division in July.