Arbol Inc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had no clue about financial contracts based on things like sunshine, rainfall and wind.Most Read from BloombergTruce Talks Shift to Qatar as Hamas Hits Israel Border CrossingFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimmi

As companies and investors come to grips with meteorological risks, they’re looking to a niche corner of Wall Street for protection.

Arbol Inc., a firm that has specialized in climate risks for businesses, including parametric insurance products, has acquired Sarasota, Florida-based

Buyer will address admitted insurance needs of homeowners and property investors

Matthew Wilson was awarded the Lifetime Achievement award, while Dominic Christian, Andrew Brooks and Sally Lake also received recognition.