Fitch gets OpVar loss database with NetRisk purchase


NEW YORK -- Fitch Risk Management, part of rating agency Fitch, said in mid-July it was acquiring NetRisk and its subsidiary OpVantage, both Connecticut-based risk management companies.

The acquisition, the price of which was not disclosed, was described as "an excellent strategic fit" by OpVantage president and chief executive Daniel Mudge. "This gives us access to a wealth of information and research and more resources to expand our products," he said.

OpVantage was set up last year when

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