Moody's Corporation, the parent company of Moody's Investors Service, has acquired Barrie & Hibbert Limited, a provider of risk management modeling tools for insurance companies worldwide.

The acquisition broadens Moody's Analytics suite of software solutions for the insurance and pension sectors. With more than 150 customers around the world, Barrie & Hibbert's Economic Scenario Generator is widely recognized as an industry standard for valuing and projecting assets and liabilities and assessing risk and capital positions.

Additionally, Barrie & Hibbert's offerings and expertise in understanding the risks in long-term asset and liability management will enhance Moody's data management, capital calculation and regulatory reporting platform to further meet the needs of institutions as they undertake risk management and regulatory compliance activities.

 

Moody's purchased Barrie & Hibbert for GBP 50 million (USD $77.6 million), and the acquisition was funded from cash on hand. Based in Edinburgh, Scotland, Barrie & Hibbert will be integrated into the Moody's Analytics Risk Management Software segment.