SSL sale pulled after Ed talks end

Independent London market broker SSL has called off a sale process
after it failed to agree terms with high bidder Ed, The
Insurance Insider can reveal.
Although a binding offer is not believed to have been submitted,
it is understood that Ed's indicative bid was around £10mn
upfront, with a five-year earn-out period that could have pushed
the valuation substantially higher.
Sources indicated numerous other parties, including
AssuredPartners and Besso acquirer BGC Partners, also expressed