AXA XL elevates O'Neill to lead UK downstream and power

AXA XL Insurance has promoted Peter O’Neill to UK head of downstream and power. He succeeds Peter Welton, who was promoted to UK head of energy in October 2019.

In his new position, O’Neill will manage all aspects of the underwriting operations in the UK for downstream energy and power, ensuring strategic profitable growth and the development of the business in line with objectives.

O’Neill began his energy career at Marsh in 2008 as an onshore broker, managing all terrorism accounts within energy. In 2010, he joined Aon, where he was selected for the company’s Impact Programme. He joined AXA XL as an energy underwriter in June 2014.

Peter Welton, UK head of energy at AXA XL, commented: “I am delighted that Peter will be taking on this role and have every confidence that his high level of technical expertise and knowledge will further strengthen our UK Energy business. His promotion is also a testament to the depth of talent we have here at AXA XL.”