September 17, 2015
NEW YORK — AXA S.A., a global financial protection and retirement leader, announced that Ronald Herrmann, CFP®, a 30-year insurance industry veteran, joined the company to head the AXA US Financial Protection business. Herrmann reports to Nick Lane, senior executive director and head of AXA US Life and Retirement.
In his new capacity, Herrmann will be responsible for the manufacture and distribution of the AXA US suite of life insurance products to customers.
“Ron brings deep and proven experience in providing sales leadership through third-party relationships, which is critical to the future success of AXA US,” Lane said in announcing the appointment. “In addition to this, Ron will be responsible for a strategic product manufacturing plan for the AXA US Life business, market expansion and increased penetration of products and services. His talent for training and his sales team-building skills make Ron a valuable addition to AXA US.”
“I am proud to join the dynamic AXA US team, one which has brought valuable financial protection products to a marketplace that needs them,” Herrmann said. “The insurance industry is changing rapidly as it moves into a digital future, and AXA US has the depth and innovation tradition that will help ensure success.”
Before joining AXA US, Herrmann served since 2013 as an Executive Vice President for Distribution & Sales at Prudential Financial, having come to Prudential via its acquisition of the individual life insurance business of Hartford Financial Services Group, Inc. He had been with The Hartford since 1997 and was a Senior Vice President responsible for US distribution and sales when the business was purchased in 2012.
Hermann fills a position formerly occupied by Manish Agarwal, who now serves as the General Partner of AXA Strategic Ventures in the United States.
“AXA” is the brand name of AXA Equitable Financial Services, LLC and its family of companies (“AXA US”), including AXA Equitable Life Insurance Company (NY, NY), MONY Life Insurance Company of America (AZ stock company, administrative office: Jersey City, NJ), AXA Advisors, LLC, and AXA Distributors, LLC. In business since 1859, AXA Equitable Life Insurance Company is a leading financial protection company and one of the nation’s premier providers of life insurance, annuity, and financial products and services distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.
AXA S.A. is a Paris-headquartered holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC companies. AXA S.A. is a worldwide leader in financial protection strategies and wealth management with 103 million clients in 59 countries as of December 31, 2014.