*UKHotViews Extra* Recently acquired SSP’s new CEO takes the helm

UK insurance software vendor and broker market specialist, SSP, has taken another key step on its recovery journey with the appointment of a new CEO. Colin Greenhill took office on 12 July, following the departure of his predecessor, Steve Lathrope, in the wake of the company’s recent acquisition by North American software vendor, Constellation Software (via its Volaris subsidiary).

The SSP story is an intriguing one. For around 15 years, the Halifax based vendor enjoyed strong growth and became recognised as one of the success stories of the UK insurance technology sector. However, following an MBO in 2015, a series of damaging system outages occurred in 2016, denting the company’s fortunes and impairing its reputation amongst its clients and prospects.

SSP was originally co-founded in 2000 by David Rasche, the entrepreneurial former MD for UK Financial Services of DXC’s antecedent, CSC. The SSP business was itself formed from elements of CSC’s pre-existing European insurance operations, originally acquired by the US vendor from insurer RSA.

My latest UKHotViews Extra “Recently acquired SSP’s new CEO takes the helm” takes a look at the SSP story and discusses some of the vendor's key milestones and future challenges, as the UK insurance sector continues to evolve.

Subscribers to FinancialServicesViews can download this UKHotViews Extra now. If you do not already have access but are interested in reading this or any other content, please contact Deb Seth for more information.

Posted by Jon C Davies at '07:00' - Tagged: insurance   M&A