Toby Esser-owned Lloyd’s broking house AFL has appointed Chris Gagg as chief financial officer.

Gagg joins the independent broker’s board of directors from Ardonagh-owned Towergate, where he was group head of treasury.

He has previously held roles at advisory firms Deloitte, Grant Thornton and EY.

Gagg replaces Keely Dalfen as CFO, who the London broking house said 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.

AFL CEO Bob Finch said: “We thank Keely, who has been with the business since it was founded in 2008, for her ongoing dedication and expert insight. We look forward to continuing to benefit from Keely’s input going forwards.”

Commenting on Gagg’s appointment, AFL boss Esser, said: “Chris is a trusted and respected insurance financial professional and I am delighted to welcome him to AFL.”

“His 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,” he added.

“Our strategy is to modernise the broking model to offer more value to our clients, and to achieve a scale that offers a real independent alternative to market incumbents.”

“The company is building a business around digitisation, allowing it to operate more efficiently, and ultimately better serve clients and partners in the Worldwide Broker Network,” Gagg said.