Fitch Risk Management to acquire NetRisk and OpVantage
New York-based Fitch Risk Management, part of rating agency Fitch, plans to acquire NetRisk and its subsidiary, OpVantage, both Connecticut-based risk management companies. The amount of the purchase has not been disclosed.
OpVantage was set up in April 2002 when professional services firm PricewaterhouseCoopers and NetRisk merged their op risk services, resulting in OpVar, an operational loss database. OpVar version 4.0 maps
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