AXA XL Names North America Crime and Crisis Management Leader

AXA XL Insurance has appointed Brian O'Neill head of the company's crime and crisis management business, part of the AXA XL professional insurance division, in North America.

Mr. O'Neill takes the position from Greg Bangs, who has announced his retirement.

In his new role, Mr. 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.

"We're pleased to attract such seasoned industry talent," Tony Giacco, AXA XL's chief underwriting officer for professional, said in a statement. "With more than 30 years of fidelity and crime underwriting experience, 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."

Mr. O'Neill joins AXA XL from Berkshire Hathaway Specialty Insurance, where, as head of Fidelity and Crime, he was responsible for the company's entry into and growth in the fidelity marketplace. Prior to his tenure at Berkshire Hathaway, he spent more than 15 years with AIG, serving as senior fidelity officer managing the company's public, private, and financial institution fidelity business in the United States and Canada.

Commenting on Mr. Bangs's retirement, Mr. Giacco said, "We're grateful to Greg for delivering 8 years of hard work, product development, and impressive growth. Under his leadership, we built out our standalone crime insurance business in the United States from the ground up and developed new products to address emerging risks like social engineering to help our clients protect their business assets."