Market Overview

Sandeep Sahai Joins Clearwater Analytics as Chief Executive Officer


Clearwater Analytics announced today that Sandeep Sahai has been
appointed Chief Executive Officer of Clearwater. Mr. Sahai assumes this
key leadership position during an exciting phase for Clearwater, a
leading web-based investment accounting and reporting solution providing
portfolio book-of-record accounting, daily investment policy compliance
monitoring, performance tracking, risk analytics, and a variety of
buy-side tools for insurers, investment managers, corporations, and
other institutional investors.

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Sandeep Sahai, CEO at Clearwater Analytics (Photo: Business Wire)

Sandeep Sahai, CEO at Clearwater Analytics (Photo: Business Wire)

Since its founding in 2004, Clearwater has remained committed to two
primary goals: delivering long-term client success through the best
integrated data, software, and services solution in the market; and
building and growing an outstanding team of colleagues dedicated to this
mission. Greater and greater numbers of industry leaders entrust their
mission-critical investment accounting and reporting needs to Clearwater
each day, and these needs increasingly extend to similar enterprises
around the world.

Mr. Sahai's experience building global success through times of
significant and sustainable growth marries perfectly with Clearwater's
journey ahead.

"Clearwater's heritage rests strongly on its commitment to innovation
and delivering our clients the best solutions and service in the world,
a commitment that will take us into the future," said Sandeep Sahai. "We
look forward to serving our increasingly global clientele and growing
our teams in Boise and Edinburgh, as well as our new offices in New York
and London."

Mr. Sahai has served on Clearwater's Board of Directors since September
2016 and has been the Executive Chairman since March of this year. He
has been an operating partner with Welsh, Carson, Anderson & Stowe
(WCAS) since 2014. Prior to that, Mr. Sahai served as the President and
CEO of Headstrong, a leading consulting and solutions company focused on
the financial markets that operated in 18 countries and had close to
10,000 employees. Sandeep was a founder and partner of the consulting
firm TechSpan that merged with Headstrong in 2003.

"Mr. Sahai has distinguished himself throughout his 30-year career as an
executive with a proven track record of building and leading outstanding
global teams," said Eric Lee, Chairman of the Board of Directors for
Clearwater. "Under his guidance, we are excited to see Clearwater
continue to thrive and grow as an industry leader in product innovation
and client success."

David Boren, co-founder and former Chief Executive Officer at
Clearwater, now sits on the Board of Directors.

"I am so thankful to our clients and employees, and proud of the
consistently high marks our teams have received from satisfied clients,"
said David Boren. "Clearwater is on a strong path as an increasingly
global leader in the markets we serve, and I'm happy to welcome Sandeep
as he leads us forward to continued and greater success."

About Clearwater Analytics

Clearwater Analytics® is the leading provider of web-based investment
portfolio accounting, reporting, and reconciliation services for
corporate treasuries, insurance companies, and investment managers.
Clearwater aggregates, reconciles, and reports on more than $2.2
trillion in assets across thousands of accounts daily. For more than a
decade, Clearwater has helped firms such as AIG, Mutual of Omaha, Arch
Capital, Knights of Columbus, CopperPoint Mutual Insurance Company, The
Main Street America Group, SBLI, C.V. Starr & Co., Sagicor, Wilton Re.,
and WellCare streamline their investment and accounting operations.
Clearwater remains committed to continuous improvement and encourages
insurers to rethink how they approach their investment accounting and
reporting challenges.

Additional information about Clearwater can be found at
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| Twitter: @cwanalytics

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