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 insurers and intermediaries, Gagg has successfully executed complex finance redesigns, pursued growth strategies as a senior member of deal leadership teams, and is recognized as an expert in insurance financial regulation and operations,” said the London-based broker.
Current AFL CFO Keely Dalfen will remain as an advisor to the business for the foreseeable future, focusing on finance and investment projects within the social enterprise and charity sector.
Gagg’s appointment “further cements the leadership team on the board, where his experience and insight will be invaluable in providing strategic corporate finance input as we continue to grow the business into a highly innovative wholesale and retail broker,” said AFL Chairman Toby Esser.
“Our strategy is to modernize the broking model to offer more value to our clients, and to achieve a scale that offers a real independent alternative to market incumbents,” Esser added. “We will continue to diversify our business and invest in new technology that drives efficiency across operations and finance. I look forward to working with Chris as we expand internationally.”
“AFL is an innovation-focused broker on a dynamic growth path. The company is building a business around digitization, allowing it to operate more efficiently, and ultimately better serve clients and partners in the Worldwide Broker Network,” commented Gagg.
“[T]he industry as we know it is changing, and the winners of the future will embrace this transformation. I am delighted to have the opportunity to join as CFO at a time when the company is rapidly expanding into a full service independent, international broker,” he continued.
Source: AFL Insurance Brokers
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