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 the company in July of last year.
As a member of Tremor’s Board of Directors, Clarke will not only provide strategic counsel to the company but will also help Tremor accelerate its growth with ceding entities, further its work with reinsurance brokers, and bring on additional reinsurance capital in the years ahead.
“I have always been impressed by Tremor and its products and today I am very excited to join Tremor’s board and contribute to its growth acceleration. I am convinced Tremor represents the future evolution of reinsurance purchasing, where buyers make most informed decisions based on transparent, comprehensive information.
“Tremor’s platform brings value to the whole reinsurance placement process – including buyers, brokers and reinsurers, by generating best outcomes through data and expertise, optimized execution and greater efficiency,” said Clarke.
Sean Bourgeois, Founder and CEO of Tremor, added: “This is an exciting moment for Tremor, with the recent roll-out of Panorama, an enhancement that enables our customers to make best placement decisions based on comprehensive market data and feedback, with the growth in new clients combined with repeat customers, and now with Emmanuel joining our Board.
“It will be a great privilege to work side by side with such a senior figure from the reinsurance industry as we work to accelerate Tremor’s adoption in the marketplace over the coming years.”
The addition of Clarke to its Board follows the launch of Tremor’s next generation trading platform, Panorama™, back in February.
Panorama incorporates Tremor’s learnings and market request over the past two years, with cedents now able to receive 100x more data and enhanced pre-trade insight to make the best reinsurance purchase decision possible.
Towards the end of December 2020, Tremor announced that had exceeded $1 billion in limit placed and is expecting significant growth for 2021.
Today, the company states that the large majority of reinsurance capital has signed up to the Tremor marketplace from all major reinsurance markets, including the U.S., Continental Europe, the London Market (including Lloyd’s), Bermuda, and also leading firms from the Asia-Pacific region.
So far, Tremor has now completed 15 placements and has priced over $2 billion of reinsurance limit for a number of cedents.