RiverStone International goes live on Clearwater in remarkable four months

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.

• Headquarters London, United Kingdom
• Website https//www.rsml.co.uk

RiverStone International is using Clearwater to automate and streamline its data consolidation, investment accounting, trade reconciliation, and reporting processes. RiverStone International will also 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.

• $14.1 billion of liabilities since 2010 acquired
• $7.5 billion of total liabilities acquired
• 1 consolidated reporting platform

Challenges

• Eliminating the need to manually process and reconcile data from different sources and systems
• Gaining transparency into Lloyd’s reporting and investment funds

Results

• Automation of data consolidation, investment accounting, trade reconciliation, and reporting processes
• Daily comprehensive view of an entire portfolio across all asset classes
• Data-driven investment decision making that supports global growth ambitions

“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.”

Neil Taylor, Group Chief Investment Officer, RiverStone International