What's weirder about this to me is why did Daily Mail have this subsidiary in the first place?
Moody's making another big push into climate data & analytics with the purchase of RMS, a provider of natural disaster risk modeling to the insurance industry. Paid $2 billion in cash, will close in Q3 2021.https://ir.moodys.com/press-releases/news-details/2021/Moodys-to-Acquire-RMS-Leader-in-Climate--Natural-Disaster-Risk/default.aspx …
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Interesting... Moody's probably has the best risk models for insurance industry already (although less sophisticated than some internal models). The price seems rich for just serving insurance industry. Likely, need climate risks to become critical activity beyond fin services
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That’s number 1 buying number 2 in that niche if I’m not mistaken
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Seems like a good fit
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