Broker AFL expands surety, trade credit with Munich Re hire

AFL Insurance Brokers (AFL) is expanding its surety and trade credit capabilities with the appointment of Nathalie Gordon as director of surety.

Based out of Munich and London, Gordon will be responsible for working with AFL’s global broking and managing general agent clients to develop AFL’s surety practice.

Gordon’s most recent role as a credit and bond underwriter at Munich Re saw her oversee a Latin American portfolio of surety, credit and political risk. Prior to this, Nathalie worked at Atradius Re in Ireland and Coface in Spain. Gordon also lectures in surety at the Pan-American Surety Association.

Gordon will work closely with AFL’s global clients to develop tailored, flexible surety solutions offering contract certainty and innovative financial risk management. The scope is global, including Latin America, Scandinavia, Europe, Australia and North America.

AFL CEO Bob Finch said: “Due to the current reluctance of banks to tie up capital in bonds, we are seeing a steady trend globally for surety products to migrate to insurers. We are proud to be at the cutting edge of change and progress in our market, and are using our expertise to develop products that deliver at the highest level.”

AFL chairman Toby Esser added: “Nathalie brings a wealth of experience and insight to our growing team and we are delighted to welcome her to AFL. We are also pleased to be able to offer the technology and flexibility to enable Nathalie to work from Munich as well as London.”

Gordon commented: “AFL is a young and proactive company which positions the client at the start of the process and tailors solutions that fit their needs, rather than offering ‘off the shelf’ products. This is innovative approach is invaluable in the surety and trade credit sector, and I look forward to further growing AFL’s presence in this global market.”

AFL Insurance Brokers continues to build on its established business following the acquisition of a controlling interest in the company by Toby Esser in a deal finalised in September, 2017. As well as growth in financial lines, AFL is also expanding in other areas including energy, and property, and is exploring insurtech collaboration and acceleration options through its Incubator division.

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