Independent Lloyd’s broker AFL Insurance Brokers Ltd. (AFL) has appointed Chris Gagg as chief financial officer and a member of the AFL board of directors, effective Sept. 1.
Most recently group head of Treasury at Towergate Insurance (the Ardonaugh Group), Gagg has a wealth of experience in insurance and financial services in a career spanning 17 years that has also seen him hold senior positions at Deloitte UK, Grant Thornton UK LLP and Ernst & Young, said AFL in a statement
“Working with leading insurance companies and brokers, Gagg successfully pursued complex finance redesigns, followed growth strategies as a senior member of the deal leadership team, and was recognized as an expert in insurance financing and operations,” said a London-based broker.
Current AFL CFO Keely Dalfen will remain a consultant for business in the foreseeable future, focusing on finance and investment projects in the social enterprise and aid sector.
AFG Chairman Toby Esser said, “Gagg’s appointment reinforces the leadership team in the board of directors; “On this note, while continuing to grow the business as a highly innovative wholesale and retail broker, the experience of strategic enterprise financing has become invaluable and understanding has become invaluable.”
“Our strategy is to modernize the broker model to deliver more value to our customers and to achieve a scale that offers a true independent alternative to those involved in the market,” Esser added. “We will continue to diversify our activities and invest in new technologies that increase productivity across operations and finance. As we grow up internationally, I look forward to working with Chris. “
“The AFL is a broker focused on innovation in a dynamic growth path. Gagg allows the company to set up a business for digitalization, to work more efficiently, and ultimately to better serve its customers and business partners in the Worldwide Broker Network.
“I think that the sector we know is changing and the winners of the future will embrace this transformation. I am delighted to have the opportunity to participate as CFO at a time when the company has quickly become an independent international broker providing full service. “
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