Pool Re has selected to work with Clearwater Analytics to support its investment accounting and reporting processes. Pool Re, which is the UK’s government-backed terrorism reinsurer, has around £7bn in funds.

Tom Clementi, CEO at Pool Re, said: “Clearwater Analytics’ investment accounting and reporting platform will significantly improve the timeliness and accuracy of our data and enable strategic decision making. Adopting Clearwater Analytics is a big step forward in modernising our investment operations to better serve our members and the broader UK insurance market.”

Keith Viverito, general manager of EMEA and APAC at Clearwater Analytics, added: “We’re delighted to expand our significant UK market presence through our collaboration with Pool Re, a leading specialty re-insurance provider that plays an important role in the UK economy and is an arm’s length part of HM Treasury.”