Cheshire-base broker UK & Ireland Insurance Services said it has completed its second acquisition of the year, and said a number of other projects are near completion.

UK & Ireland said the company was planning to boost it s organic growth rate through acquisitions and developing partnerships.

Group development director Martin Nugent, said: “UK & Ireland has covered an enormous amount of ground over the last few years with significant investment in staff and technology.

“We are now ideally placed to take advantage of the rapidly changing market and see the Financial Services Act as an opportunity rather than a threat.

“Brokers are being squeezed on all sides by insurance companies with unrealistic minimum account requirements. The FSA and increasing competition are only making matters worse for many of them.

“We are interested in talking with brokers, both locally and nationally, who are interested in discussing possible solutions.”

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