Pool Re, the UK’s government-backed terrorism reinsurer, is overhauling its investment operations, accounting framework and risk management infrastructure on the back of a competitive tender process in 2024.
Pool Re, which manages more than £7.2 billion in assets, has chosen Clearwater Analytics’ platform to serve as its Investment Accounting Book of Record. Since implementation, the firm has expanded its use of the system to include advanced analytics capabilities such as scenario modeling and shock analysis, supporting its risk management and investment strategy.
Rich Roberts (pictured above), chief finance and investment officer at Pool Re, said the Clearwater platform delivers the speed and precision required to support the organization’s investment decisions.
“The platform integrates complex investment data, compliance, and risk calculations into a single, automated solution – something that previously required multiple systems and manual reconciliation,” Roberts said.
Roberts also said Pool Re is now using the solution for scenario-based risk assessment and faster, more informed portfolio decisions.
Roberts was appointed to the newly established position of chief finance and investment officer in April. His appointment followed senior roles at firms including AllianceBernstein, Aberdeen, and Zurich Insurance Group.
Prior to adopting Clearwater, Pool Re operated under a custodian-based model for its investment accounting and reporting. The shift to Clearwater’s solution was intended to streamline reporting cycles and facilitate a faster month-end close process.
It also positions the reinsurer to meet more stringent HM Treasury reporting standards while improving internal data flow and coordination across investment, finance, and risk teams.
“Institutional investors need speed, accuracy, and real-time insight to navigate today’s complex markets,” said Keith Viverito, managing director, EMEA at Clearwater Analytics.
The modernization of Pool Re’s investment operations comes in parallel with other strategic risk initiatives. Earlier in 2025, Pool Re expanded its retrocession program, securing £2.75 billion in aggregate excess of loss cover placed with more than 60 reinsurers globally.
The program, brokered by Guy Carpenter, was increased from the previous £2.4 billion limit and reflects the organization’s continued effort to reinforce the resilience of terrorism coverage for the UK market.
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