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Synopsis
KatRisk, a climate catastrophe risk modeling software provider, completed the acquisition of Gamma, a location intelligence and property risk solutions provider. Financial terms were not disclosed. "Our acquisition of Gamma is a major step forward in our mission to provide the most comprehensive, high-resolution risk data available. By combining our catastrophic risk models across floods, storms, and fire with Gamma's location intelligence capabilities, we will deliver an even more powerful suite of tools that improves risk selection, reduces loss ratios, and enhances underwriting efficiency," Brandon Katz, KatRisk EVP of Strategy.
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