LONDON — Clearwater announced today that Chaucer has selected Clearwater’s SaaS solution for investment data consolidation, portfolio accounting, bespoke reporting, and Lloyd’s regulatory reporting.
Chaucer is a leading specialty insurance group providing clients with proven smart risk solutions for underwriting and claims. Based in London, with hubs in Europe, Latin American, and Asia, Chaucer has more that 95 years of experience in the financial markets. Chaucer is supported by China Re, a global top-10 reinsurance company.
The partnership will create efficiencies through automation across Chaucer’s investment accounting and reporting operations. Crucially, Clearwater will provide Lloyd’s reporting capabilities from day-one. Clearwater has considerable servicing expertise in this market and provides automated reporting to 28 Lloyd’s managing agencies.
“We have been familiar with Clearwater’s impressive offering for quite a while,” said Simon Tighe, Head of Investments & Treasury at Chaucer. “And the time was exactly right for us to take Clearwater’s investment accounting and reporting solution. They will provide invaluable additional Lloyd’s expertise and processing capabilities to Chaucer, which will enable us to continue to operate smoothly as our business grows.”
Clearwater’s automation-based solution aggregates, reconciles, validates, and enriches clients’ investment data on a daily basis. This clean and accurate data facilitates digital-ready reporting and efficient regulatory schedule creation for a variety of global requirements, including Lloyd’s, Solvency II, IFRS, and many others.
“Multi-national companies like Chaucer have increasingly complex reporting requirements,” said Gayatri Raman, Managing Director for International Markets at Clearwater. “That is why it is so valuable that Clearwater provides out-of-the-box standard regulatory reporting for the UK, US, and other global markets. Our automated solution enables growing firms to expand their footprints without significantly increasing their accounting and reporting personnel.”