RenRe US arm Weatherpredict makes acquisition
WeatherPredict Consulting, a US affiliate of Bermudian reinsurer RenaissanceRe, said that it has bought the primary technology assets of Commodity Hedgers, a specialist in remotely sensed meteorological observations and provider of high quality products and services to those that manage agricultural risk. The sum was not disclosed.
Commodity Hedgers' assets include a proprietary algorithm that translates Special Sensor Microwave Imager (SSM/I) data into products that monitor surface wetness, temperature and snow cover. The
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