Steering to calmer waters

Andrew Tjaardstra meets Jerry Clayton, managing director of Woodham Ferrers-based LFC Insurance Group, which has refinanced after moving to an Australian bank.

Steering to calmer waters

Jerry Clayton has seen many a twist and turn after setting up LFC in Essex in 1988 at the tender age of 23, including falling out with a former business partner, which led to his firm’s survival being left in doubt. Hence, he is in an upbeat mood about having to tackle the current economic challenges. He admits it is tough, that some of the givens of the past have been put firmly on hold and that belt-tightening is essential.

Further evidence of this harsh economic

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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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