Today Tremor announced additional financing of $4M, which brings the company’s total funds raised to date to $15M. Anthemis Group, Berkley Ventures and Markel Digital Investments participated in the round. “We are humbled by the support from our investors who are also true partners to the company. The current funding will allow Tremor to further develop capabilities that we will be announcing over the coming months and gives us ample runway to outlast the slow adoption curve typical of traditional industries.

On April 2nd, Tremor opened weekly online Industry Loss Warranty (ILW) auctions to provide an active marketplace to transact coverage. While most re/insurance markets continue to remain challenged or closed entirely and while many intermediaries are calling for automatic contract extensions, Tremor is seeing rapid growth in the use of its fully online, programmatic marketplace to price and allocate re/insurance programs. Each week, Tremor posts a range of common ILWs for auction.

The traditional insurance and reinsurance market is facing many challenges due to COVID-19. In light of the importance of keeping re/insurance trades flowing, Tremor is opening weekly online Industry Loss Warranty (ILW) auctions beginning April 2, 2020. The company will host a weekly auction every Thursday to ensure that the ILW market continues to operate while bringing additional efficiencies to the process. Buyers and sellers of ILW protection are welcome to participate.

Tremor, the leading programmatic marketplace for insurance and reinsurance risk transfer, has now exceeded more than $2 billion in reinsurer quotes and now counts more than 100 reinsurers, Lloyd’s syndicates and ILS funds as members of its marketplace. Last week, W. R. Berkley Corporation successfully priced and placed the renewal of its 2020 Property Catastrophe Program on the Tremor marketplace. More than 50 reinsurers from all major markets participated with $600 million of capacity made available by Tremor for the renewal.

Tremor, a programmatic insurance and reinsurance risk marketplace has announced today that it has appointed Jeremy Ginter as the company’s new Vice President of Sales. Ginter brings more than fifteen years of experience in business development and sales to this new role where he will oversee the development and implementation of Tremor’s sales strategy. This new role will work along with our product, engineering and tech teams to translate Tremor’s innovative product features to the re/insurance market.

Tremor, a programmatic insurance and reinsurance risk marketplace has announced a suite of new features available this November in the 2.0 release of its programmatic marketplace. These features include a suite of powerful quoting tools that empower cedents and reinsurers to simply and precisely express their terms, aggregate reports that offer insight into individual transactions and the market at large, and a broker portal enabling brokers to leverage Tremor’s independent marketplace on behalf of their clients.