Data analytics company CoreLogic has confirmed its acquisition of catastrophe modelerEqecat.
|Terms of the transaction were not disclosed.
|“I can confirm that CoreLogic acquired Eqecat on Dec. 20,2013,” Alyson Austin, CoreLogic's senior public relations manager,told PC360. “Although I don't have more informationavailable today, CoreLogic management anticipates sharing moreinformation about this acquisition as part of its fourth quarterand full year 2013 financial results to be released in early2014.”
|Eqecat's Risk Quantification & Engineering (RQE) risk modelingplatform includes 180 natural hazard software models for 96countries spanning six continents.
|The Insurance Insider was the first to reportdiscussions between the two firms.
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