Client SuccessNorthStandard
NorthStandard Embraces Clearwater to Gain Comprehensive View of Investment Portfolios Following M&A Expansion
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.
Market / Insurers
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/
$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.”
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