An insurer has created a retirement plan marketing unit that will cater to the needs of the biggest U.S. corporations.

AXA Equitable Life Insurance Company, New York, a unit of AXA S.A., Paris, says the new corporate markets distribution channel will sell retirement products and services to Fortune 1000 corporations and their employees.

The head of the new channel will be William McDermott. McDermott began working for AXA Equitable in September 2007, after spending 11 years at Fidelity Investments, Boston.