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LexisNexis Risk Solutions acquires UK-based data distribution business

LexisNexis RiskSolutions announced the acquisition of Insurance Initiatives Ltd., adata distribution platform business that caters to the U.K. property and casualtyinsurance industry.

LexisNexis, a unit of ReedElsevier PLC, provides motor and property insurers with underwriting,point-of-quote risk assessment and claims processing.