A streamlined, integrated investment accounting process and faster month-end close

Catalina Holdings

Catalina, a Bermuda based group, acquires and manages non-life insurance and reinsurance companies and portfolios in run-off.

• Headquarters Hamilton, Bermuda
• Assets Under Management $12B
• Website https//www.catalinare.com/

Catalina uses Clearwater’s web-based platform across their global offices for a streamlined and integrated investment accounting process and faster month-end close. Clearwater’s best-in-class client services team provides unlimited support and industry updates on NAIC regulations, Solvency II reporting, BMA requirements, and more for full multinational regulatory support.

• $12 billion in AUM
• 15+ acquisitions integrated
• 1 consolidated reporting platform

Challenges

• Wanted to streamline their acquisitions process across their global offices
• Needed an integrated system that could manage complex portfolios
• Simplify multinational regulatory reporting for worldwide offices

Results

• Daily reconciliation and data aggregation across all entities for faster month-end close
• Multinational regulatory knowledge and multi-bases asset class support for smooth acquisitions worldwide
• Follow the sun model for best-in-class Clearwater’s client services to offer unlimited support and industry updates
• Web-based platform with easy access from global offices to implement new lines of business easily and quickly

“We acquire firms worldwide, all of them utilizing diverse systems and processes for investment accounting and reporting. We rely on Clearwater to standardize this process in a way that is scalable so we can continue to acquire and reduce the challenges of integrating acquisitions.”

Campbell McBeath, Treasurer, Catalina Holdings