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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
Tremor data exposes cost of reinsurance oversubscription
31st October 2019
Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has released new data showing the cost of oversubscription on reinsurance placements. Looking at data from transactions on its market platform, Tremor found that even a moderate oversubscription can have a significant impact on the cedent’s cost. For example, a program that is ... Read the full article
Willis Re’s Jeremy Ginter joins Tremor as VP of Sales
21st October 2019
Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has named Jeremy Ginter as its new Vice President of Sales, effective October 28th, 2019. He brings more than 15 years of experience in business development and sales to Tremor, and in his new role, will take responsibility for the oversight, development ... Read the full article
Tremor enhances risk transfer marketplace with new features
8th October 2019
Tremor, the programmatic insurance and reinsurance risk transfer marketplace, has announced that a suite of new features will be made available in version 2.0 of its programmatic marketplace from November. Features include new quoting tools that allow cedants and reinsurers to more precisely express their terms, aggregate reports that offer insight ... Read the full article
Tremor reaches $1bn of reinsurance quotes, adds new investors
4th September 2019
Tremor Technologies, the programmatic risk transfer platform, has passed $1 billion of total reinsurance quotes and lines bound of nearly $500 million, and has announced $10 million in financing from new investors. The company has now completed six reinsurance placements, with quotes from more than 70 reinsurers, ILS funds, and Lloyd’s ... Read the full article
Tremor places programmatic swap deal for parametric cat risk
21st May 2019
Tremor Technologies, the programmatic risk transfer platform, has priced and placed the first ever programmatic parametric swap transaction in insurance form. The insurtech start-up has already priced and placed a number of catastrophe reinsurance programs beginning at the end of 2018, but has moved into new territory with this latest deal. Tremor ... Read the full article
Tremor adds team of market design experts
14th May 2019
As Tremor Technologies continues to advance its programmatic risk marketplace, the firm has hired a team of market designers that have previously advised governments, industry groups and leading companies. InsurTech startup Tremor operates an open, technology-driven, programmatic market for the placement of reinsurance risk, and has completed a number of auctions ... Read the full article
Tremor completes property cat auction placement for Markel
16th April 2019
InsurTech startup Tremor Technologies, Inc. has completed another property catastrophe auction placement, successfully pricing and placing two layers of Markel Corporation's property cat excess of loss reinsurance tower, reports Artemis. Tremor, which operates an open, technology-driven, programmatic market for the placement of reinsurance risk, completed its first auction of a ... Read the full article
2019 shaping up as busy year for insurtech Tremor: CEO, Sean Bourgeois
8th January 2019
The Chief Executive Officer (CEO) of InsurTech start-up Tremor Technologies, Inc., Sean Bourgeois, says that 2019 is shaping up to be very busy for the firm, after the successful completion of the first fully programmatic placement of a property catastrophe reinsurance program. Tremor’s open, technology-driven, programmatic marketplace for reinsurance risk placement ... Read the full article