Reinsurance News

Your search for “tremor”

Insurtech Root places June property cat program with Tremor Panorama

15th June 2021

Root, Inc., the parent company of the Root Insurance family of carriers, has successfully placed its June property catastrophe program with Tremor Technologies' next generation trading platform, Panorama™. Insurtech Root leverages industry-leading, mobile-first technology in order to bring fairness and a best-in-class experience to drivers. The company focuses on driving behaviour rather ... Read the full article

Tremor reports 20% growth in total capital as adoption accelerates

8th June 2021

Programmatic re/insurance risk transfer marketplace, Tremor, has reported that insurance companies leveraging its Panorama™ trading platform have sought over $700 million in capacity from reinsurers in the month of May alone. Tremor announced the enhancement of its original programmatic re/insurance risk transfer marketplace with the launch of Panorama™ in February ... Read the full article

Tremor approved to redistribute AM Best ratings within Panorama

4th May 2021

Programmatic re/insurance risk transfer marketplace, Tremor Technologies, has been granted the rights to redistribute Best’s Credit Ratings as part of Panorama, its recently launched trading platform. The credit ratings by AM Best will be continuously updated within Panorama to provide critical ratings information to buyers of reinsurance protection using the ... Read the full article

Tremor adds former PartnerRe CEO Clarke to Board of Directors

8th April 2021

Programmatic re/insurance risk transfer marketplace, Tremor Technologies, has announced the addition of former PartnerRe President and Chief Executive Officer (CEO), Emmanuel Clark, to its Board of Directors. Clarke has had a long and successful career in the reinsurance sector, having spent more than 25 years with Bermuda-based PartnerRe before leaving ... Read the full article

Tremor enhances reinsurance placement capabilities with next-gen Panorama

8th February 2021

Tremor Technologies has built on the success of its original programmatic re/insurance risk transfer marketplace with the launch of its next generation trading platform, Panorama™. As Tremor continues to expand, having now exceeded $1 billion in risk priced and placed with its tech with almost 100 participating reinsurance markets, its ... Read the full article

Tremor exceeds $1bn in limit placed, eyes significant growth for 2021

21st December 2020

Programmatic re/insurance risk transfer marketplace Tremor has now exceeded $1 billion in limit placed and is expecting significant growth for 2021. Tremor says its reinsurance risk transfer technology has now been field-tested in both soft and hard markets and is able to bring efficiency, transparency and speed to the placement process. The ... Read the full article

Lockton Re integrates Tremor’s pricing optimisation tech

8th December 2020

Global reinsurance brokerage, Lockton Re, has partnered with Tremor Technologies to deliver modern reinsurance trading capabilities to its clients, via the integration of Tremor's pricing optimisation technology into Lockton Re's SAGE platform. The reinsurance broker's SAGE proprietary software platform is designed to better help insurers understand risk impacts with a detailed ... Read the full article

Tremor to run live auctions for Hurricane Sally

15th September 2020

Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has announced it will be running three auctions today for live risk transfer on Hurricane Sally. Sally is currently approaching the US Gulf Coast and is threatening Florida, Mississippi and Alabama with 85mph (135km/h) winds and potentially deadly storm surges. With five named ... Read the full article

Tremor secures extra funding, completes more reinsurance auctions

9th September 2020

Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has raised another $4 million in financing, bringing its total funds to date to $15 million. Anthemis Group, Berkley Ventures and Markel Digital Investments participated in this latest round of funding, which will set the marketplace up for further growth. So far, Tremor ... Read the full article

Tremor ILW auctions average $100mn per week

20th May 2020

Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has seen an average of more than $70 million capacity offered and $30 million of protection requested each week on its industry loss warranty (ILW) market since it launched in April. The online ILW auctions began on April 2 as part ... Read the full article

Tremor’s weekly ILW auction sees significant rise in capacity and bidders

16th April 2020

Tremor, the programmatic insurance and reinsurance risk transfer marketplace, recently completed its first programmatic Industry Loss Warranty (ILW) trade and second weekly online auction, during which marketplace capacity tripled and bidders doubled. Tremor announced towards the end of March that in order to ensure the market continues operating during the ... Read the full article

Tremor to launch weekly online ILW auctions

26th March 2020

Programmatic insurance and reinsurance risk transfer marketplace Tremor is set to open weekly online Industry Loss Warranty (ILW) auctions in an effort to ensure the market continues operating during the unfolding coronavirus pandemic. Auctions begin on April 2 and will leverage catastrophe loss estimates for the US, Canada, Japan, and the ... Read the full article

Tremor to bring unprecedented speed & accuracy to more deals, says CEO

14th January 2020

Tremor, the programmatic insurance and reinsurance risk transfer marketplace, is excited by its statistics after a successful 2019 and is looking forward to completing quicker, more accurate placements in 2020 and beyond. In August of 2018, Tremor announced that its open, technology-driven, programmatic reinsurance risk placement marketplace was ready for business, ... Read the full article

Tremor finds price inflation inefficiencies in traditional market placements

17th December 2019

Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has compiled new data that reveals the extent of price inflation inefficiencies in traditional market placements. On average, the company believes that reinsurers must be inflating prices by at least 5-10% for program placements, with inflation found to be present and substantial ... Read the full article

Tremor helps W. R. Berkley secure $600mn capacity for property cat renewal

10th December 2019

Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has helped W. R. Berkley to price and place the renewal of its 2020 Property Catastrophe Program, securing $600 million of capacity from more than 50 reinsurers. The marketplace process enabled reinsurers to log in and submit blind sealed bids over a ... Read the full article