RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has successfully implemented the Clearwater platform to drive its investment strategy.
Clearwater Analytics is a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions.
According to the announcement, RiverStone selected the platform for its investment accounting and reporting capabilities. It automates and streamlines RiverStone’s data consolidation, investment accounting, trade reconciliation, and reporting processes.
By leveraging Clearwater to help diversify its investment strategy, RiverStone also aims to scale its 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.
Neil Taylor, Group Chief Investment Officer at RiverStone International, commented: “By leveraging Clearwater’s platform, we now have a daily comprehensive view of our entire portfolio across all asset classes.
“Clearwater’s technology and our increased transparency will allow for data-driven investment decision making and support our global growth ambitions.”
Scott Erickson, Chief Revenue Officer at Clearwater Analytics, said: “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.”
He added: “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.”
