Swinton insurance hits back at 'blanket' acquisition claims

Swinton has denied reports that it has decided to step up its acquisition strategy to snap up brokers who are struggling with Financial Services Authority (FSA) regulation.

A market source told Insurance Age that Swinton has effectively doubled its takeover ambitions as a result of the problems some brokers were having preparing for FSA regulation. The source said it was targeting on average four to five brokers per month this year, compared to the mere two a month it was looking at in 2003.

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