It’s Tuesday morning in Hamilton. The asset management team is three hours into what should be a routine compliance check. Excel files stretch across multiple screens. Pivot tables need rebuilding. Data requires manual reconciliation against investment guidelines that were written in legal language months ago.
By lunch, they’ll have a snapshot of where they stand against their treaty constraints. But by then, they might already be in breach.
This was the reality for Resolution Re. Treaty investment compliance is existential in reinsurance - when a ceding company specifies investment constraints in the treaty, breach those guidelines and you’re facing legal action that may result in treaty termination.
But the compliance process was manual, periodic, and reactive. The team spent more time building reports than managing risk. And as each new treaty brought its own constraints, the monitoring burden grew proportionally - what started as manageable weekly work for three treaties was becoming an operational burden requiring dedicated headcount.
What we did
The firm had asset management systems, databases, and reporting tools. The problem was that these systems didn’t work together.
We built three things. First, programmatic data access - systematic, automated feeds from asset management platforms via APIs, replacing the manual downloads and email requests. Second, structured data flows with standardised asset classifications, geography coding, and credit ratings that map directly to treaty constraints. Third, executable business rules - legal paragraphs translated into precise mathematical constraints that can be applied automatically across any portfolio snapshot.
Here’s the thing: investment guidelines are written by lawyers, not data analysts. Translating complex legal language into executable logic requires expertise that sits between asset management, legal interpretation, and technical implementation. We built that translation layer.
Why it matters
In Bermuda’s concentrated market, operational capability in compliance becomes visible quickly. The difference between firms that can onboard new business efficiently - with automated compliance from day one - and those constrained by manual monitoring processes creates a real competitive edge. And the reputational risk of a breach, even a temporary one, can undermine years of relationship building with cedants.