Regulatory approval expected in first quarter 

Canadian software giant Constellation Software Inc has purchased SSP.

Volaris Group, a division of Constellation, agreed the SSP deal last month. Regulatory approval is expected in the first quarter. 

SSP was majority-owned by private equity owned Lloyd’s Development Capital following a £207m buyout in 2015. Scottish Equity Partners was also a shareholder. 

The Canadian business does have insurance policy administration software, but SSP will be the first time it has owned broking technology. 

Constellation is a wide-ranging software provider across public and private sector, owning six different brands which service thousands of clients. 

The software giant’s share price has trippled in the past five years. Market capitiliasation is now $35bn. 

SSP is led by chief executive Stephen Lathrope (pictured). 

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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