Brian O’Neill has been named head of AXA XL’s Crime and Crisis Management business, part of AXA XL Professional insurance division, in North America. The role was formerly held by Greg Bangs, who has announced his retirement.
According to the announcement, O’Neill will be responsible for developing core underwriting strategies and product profitability for AXA XL’s Crime and Crisis Management business, including Security Risk coverages such as Kidnap and Ransom insurance, in North America.
O’Neill has over 30 years of Fidelity and Crime underwriting experience. He is joining AXA XL from Berkshire Hathaway Specialty Insurance, where as Head of Fidelity and Crime.
During his time at Berkshire Hathaway he was responsible for the company’s entry and growth into the Fidelity marketplace.
Prior to this, he spent more than 15 years with AIG, where he served as Senior Fidelity Officer, managing the company’s Public, Private and Financial Institution Fidelity business in the United States and Canada.
Tony Giacco, AXA XL Chief Underwriting Officer for Professional, said: “Brian is a valuable addition to the team. Our clients will appreciate his knowledge and expertise in addressing their concerns about embezzlement, fraud, bribery, and other commercial and financial institution crimes.”
Commenting on Bangs retirement, Giacco added: “We’re grateful to Greg for delivering eight years of hard work, product development and impressive growth. Under his leadership, we built out our standalone crime insurance business in the U.S. from the ground up and developed new products to address emerging risks like social engineering to help our clients protect their business assets.”
