Delivers Greater Transparency for Lloyd's Reporting
and RiverStone International's Growing Business
BOISE,
Idaho, Sept. 28, 2023 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced that RiverStone International, a leading global nonlife
run-off insurance business specialist and the largest provider of
legacy solutions in the Lloyd's market, has successfully
implemented the Clearwater
platform. Selected for its investment accounting and reporting
capabilities, the Clearwater
platform today automates and streamlines RiverStone's data
consolidation, investment accounting, trade reconciliation, and
reporting processes.
RiverStone International will leverage Clearwater to help diversify their investment
strategy, scale their business quickly with newly acquired books of
business, consolidate the single view of a multi-manager strategy,
and bolster industry expertise. Clearwater eliminates the need to manually
process and reconcile data from different sources and systems,
while providing users with a daily comprehensive view of an entire
portfolio across all asset classes.
"By leveraging Clearwater's
platform, we now have a daily comprehensive view of our entire
portfolio across all asset classes," said Neil Taylor, Group Chief Investment Officer
at RiverStone International. "Clearwater's technology and our increased
transparency will allow for data-driven investment decision making
and support our global growth ambitions."
"Our team implemented RiverStone International in a remarkable
four-month window and now provides their managers with a 'single
pane of glass' view of their entire portfolio across all asset
classes. Clearwater supports
leading global insurers in a direct relationship across the globe
with over $6 trillion in assets
flowing through the system on a daily basis," said
Scott Erickson, Chief Revenue Officer at Clearwater Analytics.
"We help global insurers and reinsurers such as RiverStone
International, as well as U.S. and Bermuda-based insurers, and we have a large
presence across the European insurance market, making Clearwater the de-facto solution for
investment accounting and reporting processes."
To learn more about Clearwater Analytics, speak to an
expert today.
About RiverStone International
RiverStone International is an industry-leading acquirer and
reinsurer of legacy and discontinued insurance business and the
largest provider of legacy solutions in the Lloyd's market.
Operating in the UK company and Lloyd's of London markets, Bermuda, and Europe, RiverStone International has
transacted a wide variety of deals – from insurance and
reinsurance portfolio transfers to company purchases, acquiring
over US$14.1 billion of liabilities since 2010 and
with around US$7.5 billion of total liabilities.
RiverStone International's highly skilled and tenured professionals
employ ownership, accountability, commitment, and an open and
flexible approach to all transactions to provide transactional
certainty, deliver desired outcomes and maintain clients'
reputations. For further information about RiverStone
International please visit: www.rsml.co.uk
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global,
industry-leading SaaS solution, automates the entire investment
lifecycle. With a single instance, multi-tenant architecture,
Clearwater offers award-winning
investment portfolio planning, performance reporting, data
aggregation, reconciliation, accounting, compliance, risk, and
order management. Each day, leading insurers, asset managers,
corporations, and governments use Clearwater's trusted data to drive efficient,
scalable investing on more than $6.4
trillion in assets spanning traditional and alternative
asset types. Additional information about Clearwater can be found
at clearwateranalytics.com.
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SOURCE Clearwater Analytics