Reinsurance News

Over two-thirds of Lloyd’s capacity now accessible via Tremor

21st September 2021 - Author: Charlie Wood

Over two thirds of Lloyd’s capacity is now available via the online re/insurance pricing and placing platform Tremor Technologies, a figure equating to $33 billion.

Tremor says 33 Lloyd’s Syndicates representing over 70% of its Managing Agents have entered into agreements to offer coverage directly on its marketplace.

The Syndicates are described as ranging in size and all trained on the platform, having priced at least one placement each to date.

Commenting on the milestone, Tremor founder and CEO Sean Bourgeois said, “We believe that Tremor is a perfect complement to the Lloyd’s of London marketplace, offering its Managing Agents and their Syndicates access to more risk, more often, more dynamically.”

“Syndicates that have wanted to compete for larger shares of placements in the past but have been held back by traditional market structure are winning larger and larger shares on Tremor.

We believe Tremor offers these Syndicates wonderful growth potential as we continue to bring risk to capital more efficiently – we look forward to further contracting with more Lloyd’s participants this year.”

The programmatic re/insurance risk transfer marketplace also offers access to the largest US, Bermudian and European players, just recently surpassing $500 billion in reinsurance capital.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Ariel Re provides insurance to backstop Powin’s storage solutions

Ariel Re, through its Lloyd's Syndicate 1910, has insured the performance of battery energy storage solutions provider, Powin LLC, at...