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Blog - Jan 13, 2020

By the Numbers: Treaties on Tremor

As Tremor closes the books on 2019, we pause to take a look back at the performance our marketplace achieved for cedents. We publicly announced top-line statistics back in December – more than 100 clients signed up on both sides of the market and more than $2 billion in priced capacity. The graph below highlights the experience of cedents who placed their treaties through Tremor, compressing the pricing and placement into a short auction that completes in less than 5 days.
News - Dec 10, 2019

Tremor Brings $600 million of Capacity to Successful Renewal of Berkley’s Property Catastrophe Program

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.
Blog - Dec 9, 2019

Lessons from Short Placements

Short placements tell us about the additional price margin reinsurers build into their authorizations. Last time, we used oversubscription to measure inefficiency, but we know what many of you who read our analysis were thinking – my broker does a great job and my program always starts as a short placement, particularly in the current hardening market. If this is you, on the surface it sounds like you are getting a great deal.
Blog - Oct 25, 2019

The Cost of Oversubscription in Reinsurance

Oversubscription happens in a reinsurance program when the capacity needs of the buyer – the cedent – are exceeded by the capacity offered by the sellers – the reinsurers. It is a basic economic phenomenon that if a product sold-out while there were still more parties willing to buy it, then alternatively the product’s price could have been raised to the point where it sold-out at the exact moment when all buyers had purchased their fill.
News - Oct 21, 2019

Tremor Appoints VP of Sales

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.
News - Oct 8, 2019

Tremor Launches Powerful 2.0 Version of its Risk Transfer Marketplace

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.
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