NFU Mutual taps Bloomberg and Clearwater for investment ops

NFU Mutual taps Bloomberg and Clearwater for investment ops

NFU Mutual, the rural insurer that ranks as the largest in its field in the UK, has chosen a combined offering from Bloomberg and Clearwater Analytics to overhaul how it runs its investment operations.

The insurer, which oversees roughly $32bn in assets spread across a varied selection of funds, will roll out Bloomberg Buy-Side Solutions alongside the Clearwater platform to simplify its multi-asset investment model from front office to back office.

Under the arrangement, Bloomberg will take charge of portfolio management, trading, pre-trade compliance and trade operations, including processes designed to prepare the insurer for T+1 settlement. Clearwater will handle investment operations and investment accounting. Regulatory reporting obligations will be supported by both providers working together.

The strategic partnership between Bloomberg and Clearwater is intended to give NFU Mutual a composable operating model that joins up its front and back office functions. According to the companies, this setup should make workflows more efficient, improve the consistency of data and transaction reporting, and shorten settlement times.

Bloomberg Buy-Side Solutions offers multi-asset tools covering every stage of the investment process. Taking a modular approach, the suite includes research management, order and execution management, portfolio and risk analytics, trade compliance and operational functions. Because it connects with the Bloomberg Terminal service, the offering aims to deliver reliable, high-quality information that supports transparent decisions, sound investment analysis and workflows that can grow across an organisation.

NFU Mutual head of financial control Nigel Bryan said, “By adopting Bloomberg and Clearwater’s integrated solutions, we are building an automated and highly flexible end-to-end operating model that strengthens our control environment, streamlines processes and builds a solid data foundation for our investment reporting.

“The solution automates key workflows across the investment lifecycle, from order generation and execution through matching, settlement and post-trade processing. Bloomberg’s post-trade regulatory, risk and compliance solutions further streamline operations while strengthening our transaction reporting capabilities.”

Clearwater Analytics managing director, EMEA Keith Viverito said, “Our integrated offerings give investment teams one end-to-end investment and accounting book of record, so they can make better decisions faster and reliably.

“NFU Mutual’s selection shows that insurers no longer need to choose between operational depth and technological agility. With integrated front-to-back solutions from Clearwater and Bloomberg, clients can build one accurate, audit-ready operating model across the entire investment lifecycle delivered as a service, and the accuracy and auditability of their business demands.”

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