Significant Investment Boosts AFL Insurance Brokers
London Market figure Toby Esser To Become Executive Chairman
London, 14th September, 2017: AFL Insurance Brokers Ltd (AFL) today announces that Next Generation Holdings Ltd has acquired a controlling interest in the company.
Next Generation Holdings is led by Toby Esser, formerly Group CEO of Cooper Gay Swett & Crawford (CGSC), and the transaction will see Esser join AFL as Executive Chairman. He will work alongside Bob Finch, who will continue as Chief Executive Officer, together with Alec Finch who remains as a Non-Executive Director. The Finch family retain a significant minority interest in the business.
Bob Finch, AFL CEO, commented:
“We’re delighted that Toby Esser is joining us. His record of outstanding achievement, building CGSC into a leading international broking house, is well documented and my team and I are much looking forward to working with him as we embark on the next exciting phase of the company’s development.”
Toby Esser, AFL Executive Chairman, added:
“I firmly believe that there are fantastic opportunities that lie ahead for AFL. It’s a forward-thinking and independent Lloyd’s Broker operating internationally, and I am very pleased to be back in the London market. The strategy is to help Bob and his team further develop AFL’s compelling offering to clients, and provide a dynamic modern home for London’s brightest and best young talent.”
Currently AFL operates four divisions – Wholesale; Corporate; Private Client & Superyacht; and AFL Incubator, which is an innovative unit that actively supports Insurtech start-ups.
Images from left to right: Bob Finch and Toby Esser.
For further information please visit: www.aflib.com
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