The momentum follows the highlighted need for insurers to re-align their investment operating models.
Insurance asset servicing specialist switches BNY Mellon for State Street after almost 20 years with the custodian.
The US insurance company giant has adopted the SS&C SmartSource platform to manage the middle- and back-office for three of its insurance companies.
The hire is the latest in a series of enhancements State Street has made this year in support of its insurance client segment.
The solution is a market first and improves the tax transparency of securities lending opportunities in TTFs for institutional investors.
The revamped service follows the onboarding of HSBC Life and the addition of $56 billion of assets under administration to its insurance servicing platform.
Custodian partners with SaaS solution and services provider for the insurance industry to deliver new model to complement its custody offering.
The partnership rounds off State Street's front-to-back offering to buy-side clients and marks its first for the EMEA region.
The mandate follows Northern Trust’s recent revamping of its insurance servicing platform and the launch of new cloud-based reporting and data applications.
American Fidelity is the seventh client in three months to adopt SS&C’s Singularity investment operations and accounting platform.