Halifax-based Analyze Re acquired by Verisk Analytics

Analyze Re, the Halifax-based software as a service provider for the reinsurance and insurance industries, has been acquired by American data analytics company Verisk Analytics, the company announced this week.

Analyze Re will become part of AIR Worldwide (AIR), a Verisk Analytics business. The acquisition will enable AIR to provide its clients with additional real-time pricing, exposure management, and enterprise portfolio roll-up capabilities.

Terms of the deal were not disclosed.

“We’re excited to join the Verisk Analytics family of businesses,” said Adrian Bentley, chief executive officer of Analyze Re in a statement. “Our team has been creating technology solutions for the insurance, reinsurance, and capital markets industries for more than a decade, turning huge volumes of data into meaningful insights in seconds. We look forward to continuing to offer these capabilities as part of AIR’s already robust product offerings.

LaBarge Weinstein acted as counsel to Analyze Re with a team that included James Smith, Colin Wrynn and Sam Gregg-Wallace.

For more, read the official press release.