Merger talk unfounded
Market rumours that SSP had opened talks with Broker Direct with a view to a possible takeover have been denied by both firms
Market rumours that SSP had opened talks with Broker Direct with a view to a possible takeover have been denied by both firms.
Speculation suggested that SSP was interested in the managing general agent (MGA) part of Broker Direct to give its own fledgling MGA immediate scale and capacity.
Both firms admitted that talks between the two had taken place but that a takeover was not on the agenda. David Rasche, executive chairman of SSP, said that due to the company's acquisitive nature, he would be
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