Finding a niche

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Sutton Winson managing director David Thomson tells Caitlin Morrison why the broker has interests in so many niche sectors and diverse industries and how it plans to ride out the recession

▶ How did you come to be involved with Sutton Winson?

The business was originally formed by Alan Sutton in the mid-1970s when it also basically acted as a venture capital company. In 1996, they helped me start an insurance business in Sussex, and asked if I wanted to be involved with Sutton Winson itself. At that time I said no, but by 1999 I had got to know them a bit better.

Alan wanted to leave the business, but he and his business partner Mike Baldwin decided they would rather see long-term

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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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