Tremor Technologies, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, has announced a senior addition to its Board, with the former PartnerRe CEO Emmanuel Clarke joining.
Clarke has a long and prestigious career in reinsurance, having spent more than 25 years at PartnerRe, most recently as its President and CEO.
He joins the Tremor Board at a time when the company is accelerating its growth and experiencing rapid adoption, having already signed up the majority of global reinsurance capital to its marketplace, including both traditional and insurance-linked securities (ILS) markets from the U.S., Continental Europe, the London Market including Lloyd’s, Bermuda and also leading reinsurers from the Asia-Pacific region.
Tremor has to-date completed 15 reinsurance and risk transfer placements, with over $2 billion of reinsurance limit successfully priced for a number of cedents.
Clarke will provide Tremor with strategic counsel and also help it accelerate its growth with ceding companies, further its work with reinsurance brokers and bring on more reinsurance capital to its marketplace.
Clarke commented on his Board appointment, “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.”
“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,” added Sean Bourgeois, Founder and CEO of Tremor.
Tremor said that it has doubled its client base just in the first-quarter of this year, as an increasing number of cedents look to try out a new, technology based approach to securing optimised reinsurance placements.
The company launched its next-generation update to its trading platform software, Tremor Panorama, earlier this year, featuring tools for buyers that enable a view of the market of competitive quotations before they bind risk capacity at their chosen price, all while allowing reinsurance capital providers to quote precisely how they want to, including any preferences they want to apply.