AFL has new executive chairman following stake sale

Family of CEO retains significant minority interest

AFL has new executive chairman following stake sale

Insurance News

By Terry Gangcuangco

Next Generation Holdings Ltd has acquired a controlling interest in AFL Insurance Brokers.

Toby Esser, former Cooper Gay Swett & Crawford (CGSC) group chief executive, leads Next Generation and is now AFL’s executive chairman. Esser will be working with chief executive Bob Finch and non-executive director Alec Finch.

“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,” commented Esser.

He continued: “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."

CEO Bob Finch added that AFL is delighted that Esser is joining the brokerage.

“His record of outstanding achievement, building CGSC into a leading international broking house, is well documented, and my team and I are looking forward to working with him as we embark on the next exciting phase of the company’s development,” he said.

The Finch family will retain a significant minority interest in AFL, which operates the following divisions: wholesale, corporate, private client & superyacht, and an AFL Incubator for insurtech start-ups.

Related stories:
Finch Group acquires Miller & Co Insurance Brokers
Newly acquired broker confirms its own acquisition

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