.jpg){kind=avatar}
.jpg){kind=avatar}
Moody's Corporation and RMS announced today that they have entered into a definitive agreement for Moody’s to acquire RMS, a leading global provider of climate and natural disaster risk modeling and analytics, for approximately $2.0b from Daily Mail and General Trust. The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500m in revenue and will accelerate the development of the Company’s global integrated risk capabilities to address the next generation of risk assessment.
"Today’s leaders face a complex, interlinked world of risks and stakeholders,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “In the context of a global pandemic, the climate crisis and increasing cyberattacks, our customers must manage a wider range of risks than ever before. We are excited to add RMS and its team of world-class data scientists, modelers and software engineers to the Moody’s family to help accelerate solutions that enable customers to build resilience and make better decisions."
