SSP buys distribution provider IS2 as first step in acquisition push
SSP is focused on growing organically and bringing in the “best in breed” technology firms, managing director for UK and Ireland Martyn Mathews told Insurance Age as it bought commercial lines policy administration and product distribution technology provider IS2.
IS2 works with insurers, insurtechs, MGAs and scheme brokers that are looking to create or grow their existing digital channels.
It has marked the first deal since Mathews, pictured, was tasked in May with spending money on M&A, as the software provider restructured.
“This is our first step into doing that [spending spree]. It means our customers get better choice from an e-trade perspective, and that’s something they’ve been asking us for,” he confirmed.
“And [in] the commercial lines market
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