Bloomberg and Clearwater Analytics Sign Up NFU Mutual

Bloomberg and Clearwater Analytics (‘Clearwater’) recently announced that NFU Mutual (‘NFUM’), the UK’s leading rural insurer, has selected Bloomberg Buy-side Solutions together with the Clearwater platform to modernize its investment operating model.

Managing approximately $32 billion in assets across a diversified range of funds, NFUM will jointly implement Bloomberg Buy-Side Solutions and Clearwater to streamline its front-to-back multi-asset investment management operating model. Bloomberg will provide portfolio management, trading, pre-trade compliance and trade operations – including workflows to support T+1 settlement readiness – while Clearwater will provide investment operations and investment accounting, with Bloomberg and Clearwater jointly supporting the client’s regulatory reporting requirements. Bloomberg’s strategic collaboration with Clearwater enables NFUM to establish a seamless, flexible front-to-back composable operating model that improves workflow efficiency, strengthens data consistency, and transaction reporting, and accelerates settlement cycles.

“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,” said Nigel Bryan, Head of Financial Control at NFU Mutual. “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.”

“Insurers are modernizing their investment operations by connecting portfolio management, trading, accounting and post-trade reporting around a single, trusted framework,” said Jose Ribas, Head of Buy-Side Enterprise Solutions at Bloomberg. “Together with Clearwater Analytics, we’re helping NFU Mutual and other insurers simplify complex workflows, strengthen data consistency and utilize a composable operating model that can scale with its business.”

“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,” said Keith Viverito, Managing Director, EMEA at Clearwater Analytics. “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.”