Newbie news: Taking the plunge

tony-gutteridge-and-eddie-ferrao

Eddie Ferrao and Tony Gutteridge, founders of Langton London Insurance Brokers which specialises in non-standard motor, schemes and specialist cover, talk about setting up a new business

▶ The business received authorisation on 8 February 2016 – why did you start up on your own?

Eddie: I had always wanted to do it and my business partner Tony wanted to do it at the same time. An opportunity came up and I was looking to leave. We sat down together over a couple of drinks to put something together to see if it would work.

▶ What did you do and where did you work before?

Eddie: I was a branch manager at Arthur J Gallagher in Orpington. Before it was bought by

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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