SANTA CLARA, Calif.—April 18, 2006—Clearwell Systems, Inc., a pioneer in the emerging Email Intelligence market, today announced Transatlantic Reinsurance Company, (a subsidiary of Transatlantic Holdings, Inc.), known as TRC, has deployed the Clearwell Email Intelligence Platform™. TRC, one of the largest and most successful publicly traded reinsurers in the industry, selected Clearwell to streamline and automate email discovery and analysis for the company’s IT and Legal Departments.
TRC has found the Clearwell Email Intelligence Platform a valuable tool in its efforts to manage the risks associated with the Reinsurance Industry. The increasing use of E-discovery coupled with the need to comply with regulatory scrutiny, has strained many reinsurers resources. The increased costs of litigation, TRC’s high ethical standards and the evolving regulation of this market segment make the ability to analyze vast amounts of electronic correspondence an essential tool. Prior to deploying Clearwell’s solution, TRC spent a disproportionate amount of time and countless hours manually searching through and reviewing huge volumes of email, resulting in high opportunity costs and inefficiencies.
“We spent so much time locating emails, we very nearly found ourselves short on time when it came to the more important job of analyzing the results,” said Edward Kelley, the Assistant General Counsel at TRC. “That’s where Clearwell made a real qualitative difference by giving us the insight and tools we need to quickly and effortlessly draw intelligent, accurate conclusions from a large stack of seemingly random messages.”
By eliminating the back and forth process between IT and Legal, Clearwell has empowered the Legal Department to revise inquiries for specific email threads without involving IT. Product features such as the ranking of email based on relevance and the linking of messages into discussion threads were key to reducing the email headache for TRC. Clearwell’s solution enables the legal group to view critical discussions, pinpoint when messages were sent and identify key contributors instantly, visually displaying who knew what and when. With the Clearwell Email Intelligence Platform, TRC has substantially improved productivity, and reduced time and money spent on email review and analysis.
“The immense workload and difficulty associated with discovering and analyzing massive amounts of email created a constant strain on TRC’s IT and Legal personnel,” said Aaref Hilaly, president and CEO of Clearwell Systems. “Clearwell drastically reduced TRC’s time and money spent on email review, relieving the burden and freeing up valuable resources. Now, IT and Legal have time to focus on strategic initiatives, delivering a definitive impact on the business as a whole.”
About Transatlantic Holdings, Inc.
Transatlantic Holdings, Inc., ( NYSE: TRH) is a leading international reinsurance organization headquartered in New York, with operations also based in Chicago, Toronto, Miami (serving Latin America and the Caribbean), Buenos Aires, Rio de Janeiro, London, Paris, Zurich, Warsaw, Johannesburg, Hong Kong, Shanghai, Tokyo and Sydney. TRH's subsidiaries, Transatlantic Reinsurance Company, TransRe Zurich and Putnam Reinsurance Company, offer reinsurance capacity on both a treaty and facultative basis — structuring programs for a full range of property and casualty products, with an emphasis on specialty risks. Visit — www.transre.com — for additional information about TRH.
About Clearwell Systems
Santa Clara, Calif.-based Clearwell Systems is transforming the way enterprises discover, organize and analyze the information across their corporate email systems. Clearwell enables business and IT executives to lower discovery costs, reduce fines, grow revenue and improve customer satisfaction. Fortune 500 companies—large energy companies, major financial institutions, leading high-technology companies, and global professional services organizations—have realized immediate and significant value within days of their production deployments. For more information, visit www.clearwellsystems.com.