AFL Chairman Toby Esser: “We are growing our wholesale capabilities adding a Property practice is a natural next step for AFL’s business profile.

AFL Chairman Toby Esser: “We are growing our wholesale capabilities adding a Property practice is a natural next step for AFL’s business profile.

Esser continues AFL build out with snr Lockton hire

09 October 2017

AFL Insurance Brokers Ltd (AFL), the minnow Lloyd’s broker that was recently acquired by former Cooper Gay CEO Toby Esser, is continuing its build out with the hire of Lockton broker Neil Crouch.

Crouch – the London-based head of broking at Lockton – is launching AFL’s newly launched wholesale property division which is focussed initially on North American and Caribbean business.

The move is expected to be the first of several new practices at AFL with energy, financial lines together with surety and trade credit, lined up. The firm said it was also exploring Insurtech collaboration options through its incubator division.

Energy duo Dominic Quick and Simon Pearce have recently resigned from Tysers’ and are thought to be joining AFL once their notice periods are completed.

AFL Chairman Esser said: “We are growing our wholesale capabilities adding a Property practice is a natural next step for AFL’s business profile. Current market conditions make it a compelling case to enter this class, where there is a need for proactive products and services that fully harness the highly skilled underwriting capacity at Lloyd’s.”

Esser – who was ousted from the now-rebranded Ed (formerly Cooper Gay) in 2015 – bought a majority interest in AFL this summer through his vehicle, Next Generation. re