XL Catlin Live on Cloud-based EDM Solutions from IHS Markit
Integrated data management and data warehousing solutions support XL Catlin’s investment operations
LONDON (April 11, 2018) – IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, has implemented its core Enterprise Data Management (EDM) solution and EDM Warehouse at XL Catlin, a global insurance and reinsurance company. The integrated platform is delivered as a managed service, enabling XL Catlin’s investment operations to reap the benefits of a cloud-based solution.
XL Catlin is using EDM to verify security, position and analytics data from multiple investment systems, thereby ensuring data quality. EDM Warehouse aggregates this data into a single repository to provide a clear, consolidated view of the firm’s accounting and investment book of record.
“EDM Warehouse has enabled us to quickly integrate and report on investment data from multiple sources and provided operational savings by replacing a legacy solution,” said Rob Spuler, global head of investment operations for XL Catlin.
“Firms are faced with increasing demands from regulators and clients to report more data, more frequently,” said Spiros Giannaros, managing director and head of EDM at IHS Markit. “Our EDM Warehouse provides XL Catlin with a historical data repository alongside reporting functionality to help meet these growing requirements.”
About IHS Markit (www.ihsmarkit.com)
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2018 IHS Markit Ltd. All rights reserved.
About XL Catlin (http://xlcatlin.com)
XL Catlin is the global brand used by XL Group Ltd (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.