Cayman-Based Reinsurer Aureum Re Selects Clearwater to Scale Investment Operations

BOISE, Idaho–(BUSINESS WIRE)–Clearwater Analytics® and Aureum Re announced today that Aureum Re has
selected Clearwater’s web-based solution and services for investment
data aggregation, reconciliation, accounting, reporting, and other daily
processing.

Established in 2016, Aureum Re focuses on the reinsurance of fixed and
indexed annuities issued by U.S. domiciled insurance companies.
Leveraging Clearwater’s advanced technology and daily servicing is
crucial to the establishment of Aureum Re’s efficient, accurate, and
data-driven client offering.

“To achieve our goals and maintain scale, we knew we required a
best-in-class investment accounting/reporting solution. We simply needed
a more streamlined and automated tool than our current process could
provide. A solution that put technology first was critical,” said Jim
Owen, Chief Financial Officer at Aureum Re. “We found Clearwater through
a thorough evaluation process and the partnership has been productive
from the start. Our whole team uses Clearwater and we utilize the
dashboards for investment committee and board reporting. It’s use for
our firm is highly beneficial given that we are a spread business which
requires active monitoring of our investment portfolios. The software
and service team has delivered on its promises.”

Clearwater provides daily servicing to more than 600 insurers worldwide,
including many reinsurers. Key benefits of the solution to insurers
include more efficient and scalable operational processes through
automation and outsourced data upkeep; shortened month-end close times;
flexible board, cross-team, and other constituent reporting; regulatory
support; and more.

“Aureum coming on as a client represents an exciting opportunity for
both firms. We’ve focused on growing our business globally and in doing
so have found that the advantages of our true SaaS-based model provide
value regardless of geography,” said Scott Erickson, Chief Operating
Officer at Clearwater. “We’ve built out a strong team of experts to act
as an extension of Aureum and seamlessly integrate with their team, as
they grow. We look forward to being an active participant in the Cayman
domicile for years to come.”

About Aureum Re

Aureum Re is a Cayman based reinsurance company, owned by an
international group of experienced financial professionals with
backgrounds focused predominantly in the insurance and reinsurance
business. The management team at Aureum Re has a long professional
history in the global reinsurance market, specializing in U.S. issued
insurance products, and is well positioned to provide a compelling
reinsurance offering to clients. Aureum Re focuses on the reinsurance of
fixed annuities and supplemental contracts issued by U.S. domiciled
insurance companies.

Additional information about Aureum Re can be found at www.aureumre.com
|

LinkedIn: https://www.linkedin.com/company/aureum-re/
| Twitter: @aureumre

About Clearwater Analytics

Clearwater Analytics® is a global SaaS solution for automated investment
data aggregation, reconciliation, accounting, and reporting. Clearwater
helps thousands of organizations make the most of their investment
portfolio data with a world-class product and client-centric servicing.

Each day, the Clearwater solution reports on more than $3 trillion in
assets for clients that include AIG, Arch Capital Group, Cisco, City of
Albuquerque, City of Minneapolis, City of Newport Beach, City of Grand
Rapids, Facebook, J.P. Morgan, Jackson County, Mutual of Omaha, New
Mexico Finance Authority, Oracle, Palm Beach County, Selective Insurance
Group, Starbucks, Unum Group, and many others.

Since its founding in 2004, Clearwater has provided a cloud-native
solution that helps investors make the most of their data. Investment
professionals in more than 25 countries trust Clearwater to deliver
timely, validated investment data and in-depth reporting.

Additional information about Clearwater can be found at www.clearwater-analytics.com
| LinkedIn: https://www.linkedin.com/company/clearwater-analytics/
| Twitter: @cwanalytics

Contacts

Lauren Brassey | Director of Marketing | 208.489.3909 | [email protected]

Kristian Leese | VP Business Development | 345.640.0077 | [email protected]

error: Content is protected !!