Météo-France And Euronext Team Up To Launch Metnext, Specialized In Indices For Weather Risk Management

France’s national weather service Météo-France and Euronext, a subsidiary of NYSE Euronext, have teamed up to launch a joint venture named Metnext specializing in innovative solutions for index-based management of weather risk. Metnext, in which Météo-France holds a 65% interest and Euronext the remaining 35%, will initially offer two types of service for businesses, insurance and reinsurance companies, and banks.

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