Daily Mail selling insurance risk business for £1.4bn

LONDON, UK: Daily Mail and General Trust (DMGT) has agreed the sale of RMS, its insurance risk business, to Moody’s Corporation, a global integrated risk assessment firm, for approximately £1.425 billion in cash at completion. DMGT in discussions to sell insurance risk division; Rothermere may acquire remaining shares of DMGT Paul Zwillenberg, CEO, commented: “The sale of…