NorthStandard embraces Clearwater to gain comprehensive view of investment portfolios following M&A expansion

NorthStandard

NorthStandard is one of the leading providers of global marine insurance products and services across the maritime industries.

• Headquarters London, United Kingdom
• Assets Under Management $925M
• Website https//north-standard.com/

The Standard Club underwent a strategic merger with North P&I Club in 2023, with the resulting entity renamed “NorthStandard.” NorthStandard uses the Clearwater platform to gain a consolidated, single lens perspective on investment accounting and reporting. Clearwater offers additional transparency into investment funds by aggregating the underlying holdings and providing fund look-through reporting.

• $800 million in premium income
• 350 million gross tonnage insured worldwide
• A S&P rating

Challenges

• Achieving a single source of truth for investment accounting and reporting
• Gaining transparency into investment funds
• Reducing manual workarounds

Results

• Best-in-class investment reporting solution and automated reporting processes
• Data accuracy through a transparent operating model
• Elimination of manual workarounds and fund reconciliation processes

“By selecting Clearwater, we gain a best-in-class, investment reporting solution that automates reporting processes, ensures data accuracy, and establishes a transparent operating model. Embracing cutting-edge technology ensures we remain at the forefront of innovation in our industry.”

Nick Jelley, Chief Financial Officer, NorthStandard