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Tremor’s “smart market” platform is a new nexus for risk transfer: Founder & CEO, Sean Bourgeois

10th September 2018

Tremor Technologies, Inc.'s (Tremor) "smart market" platform can become a new nexus for risk transfer through its use of the latest technology that aims to improve both the efficiency and transparency of the wholesale risk and reinsurance industry, according to Sean Bourgeois, Tremor's Founder and Chief Executive Officer (CEO). Tremor ... Read the full article

Tremor Technologies launches programmatic reinsurance marketplace

14th August 2018

Tremor Technologies, Inc., a venture-backed start-up based in Greenwich, Connecticut, has announced that its programmatic risk placement marketplace is now fully operational, with significant buyers and sellers of reinsurance in place. The reinsurance trading platform is designed to establish fair and efficient market prices for reinsurance risks and programs, powered by ... Read the full article

Aon estimates global insured catastrophe losses in Q1 2023 at $15 billion

14th April 2023

Analysts from Aon's Impact Forecasting division have estimated global losses to private and public insurance entities in Q1 of 2023 at $15 billion, while total economic losses are expected to reach at least $63 billion. According to the analysts, the $15 billion insured loss estimate is close to the average and ... Read the full article

High portion of Turkey’s earthquake losses to be covered by insurance

9th February 2023

A relatively high portion of losses caused by the earthquake that shook Turkey on February 6 are expected to be covered by insurance, according to Aon. This is given penetration rates resulting from compulsory earthquake insurance - offered to the public via the Turkish Natural Catastrophe Insurance Pool (TCIP), which is ... Read the full article

Impact of Turkey quakes adds to challenging environment for re/insurers: AM Best

8th February 2023

A new report from AM Best has highlighted how the impact of the two earthquakes in south-eastern Turkey, adds to what is already a “challenging operating environment” for re/insurers within the country. On February 6, 2023, two powerful earthquakes of more than 7.5 magnitude struck near the south-eastern Turkish cities of ... Read the full article

Turkey earthquakes could result in $1bn+ loss

6th February 2023

Thousands of buildings have been destroyed and over 1,000 deaths have been recorded in Turkey and Syria following two powerful earthquakes, which could result in more than US $1 billion of losses, according to the US Geological Survey (USGS). The first quake was recorded at magnitude 7.8 on the Richter scale ... Read the full article

Reinsurance tech adoption a mixed bag, but opportunity is huge: Webcast

5th November 2021

As the push for efficiency, digitalisation and innovation continues to gain traction in the global reinsurance industry, leaders and executives from across the risk transfer and technology sectors are optimistic about the future. Yesterday, we hosted a live webcast alongside sister publication Artemis, and in association with ... Read the full article

Reinsurance: The data driven future – Register for this live webcast

18th October 2021

We're holding another live webcast on November 4th and this time the discussion will be focused on the use of technology within the reinsurance sector and the importance of data as a driver of future innovation. The webcast is being held in association with our ... Read the full article

Aon backs hurricane Ida as one of US mainland’s costliest yet

13th September 2021

With economic losses anticipated to reach well into the tens of billions of dollars, Aon expects Hurricane Ida to become one of the costliest US mainland hurricanes yet, both on a nominal and inflation-adjusted basis. Commenting during its monthly catastrophe report, the broker explained how despite a sizeable insured portion of ... Read the full article

Intact adds former Partner Re CEO Emmanuel Clarke to Board

22nd July 2021

Intact Financial Corporation today announced the appointment of Emmanuel Clarke to its Board of Directors. Clarke brings over twenty-five years experience working at PartnerRe to the role, and was most recently serving a President and Chief Executive Officer. "We are pleased to welcome Emmanuel Clarke to our Board of Directors at this ... Read the full article

We’re in the very early innings of tech improving reinsurance: Prospectus 2021

20th November 2020

Advancements in technology and analytics have the potential to dramatically improve the reinsurance industry as it strives for efficiency, but to date, the market remains in the very early stages of realising the benefits, according to industry experts. To end the inaugural re/insurance and insurance-linked securities (ILS) conference, Prospectus ... Read the full article

The question is whether changes are cyclical or structural: Roundtable

22nd November 2019

With re/insurance a completely different market now than the one 18 months ago, key industry executives speaking at the 2019 Reinsurance News Monte Carlo Rendezvous Roundtable reflected on whether the longer-term decline in rates is cyclical or structural. If it has been cyclical and the factors driving this new ... Read the full article

Epitaph of Lloyd’s prematurely written several times before: Roundtable

8th November 2019

As the Lloyd’s of London wades into a pivotal phase of digital transformation, key industry executives speaking at the 2019 Reinsurance News Monte Carlo Rendezvous Roundtable reflected on how and why the marketplace will remain key to the industry for years to come. “I think over the course of ... Read the full article

Catastrophe models a tool, not the whole answer: Roundtable

29th October 2019

An over-reliance of catastrophe model data could be generating some dramatic learning experiences for industry participants, according to key executives speaking at the 2019 Reinsurance News Monte Carlo Rendezvous roundtable. Swiss Re’s Head of Property & Specialty Underwriting, Mike Mitchell, described what he considered a “somewhat slavish enthrallment to ... Read the full article

Cali quake losses expected to be insignificant, damage less than initially feared

8th July 2019

Analysts at Credit Suisse expect the insurance industry loss from the recent earthquakes that struck Southern California to be less than $500 million, with emergency officials reportedly stating that the damage is less considerable than initially feared. The Ridgecrest City area of the state was hit by a magnitude 6.4 quake ... Read the full article