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.

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.

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.

Auction technology and optimization mathematics can play a powerful role in price discovery and capacity allocation, taking into account rich sets of preferences in ways that a traditional marketplace cannot. These technologies have advanced marketplaces in a range of industries including gas, electricity, advertising and financial services in general. Properly applied to the insurance and reinsurance industry, these technologies can deliver wonderful benefits and efficiencies to all. This panel will discuss emerging marketplace models that take the best of traditional reinsurance placement and marry it with the best of programmatic market mechanisms for the benefit of cedents, brokers and reinsurers.

Tremor, a programmatic insurance and reinsurance risk transfer marketplace, announced total funding of $10 million. W. R. Berkley Corporation and several new strategic investors have joined existing investors Nephila Capital, Markel Corporation and lead investor, Anthemis Group, in the current round. The company plans to use the latest funds to further develop its marketplace to include enhanced quoting and management capabilities as well as to accelerate hiring of an expanded team.