Emmanuel Clarke, senior reinsurance industry figure, joins Tremor Board as growth accelerates
Boston, MA, April 8, 2021 – Tremor Technologies, the leading online reinsurance marketplace, is pleased to announce that reinsurance executive Emmanuel Clarke has joined its Board of Directors. Emmanuel has had a long and successful career in the reinsurance industry, spending more than 25 years at PartnerRe, most recently leading the firm as President and CEO.
The vast majority of reinsurance capital has signed up to the Tremor marketplace from all major reinsurance markets of the world including the U.S., Continental Europe, the London Market including Lloyd’s, Bermuda along with leading companies from the Asia-Pacific region. The company has completed 15 placements to date and has priced more than $2B of reinsurance limit for a number of cedents.
The company recently launched Tremor Panorama, its next generation marketplace that is seeing rapid adoption with the company doubling its client base in the first quarter. Tremor Panorama delivers tools for buyers that allows them to see the entire market of competitive quotations before they bind capacity at their chosen price while allowing reinsurers to quote with specific preferences.
Along with providing strategic counsel to the firm, Emmanuel will help Tremor accelerate its growth with ceding companies, further its work with reinsurance brokers and bring on more reinsurance capital over the coming years.
“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 Emmanuel Clarke.
“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”, said Sean Bourgeois, Founder and CEO of Tremor.
Tremor is a venture-backed insurance technology firm where world class computer scientists, economists, market designers and industry practitioners are working together to build a modern risk transfer marketplace. Tremor’s “smart market” platform incorporates intelligent market design, state-of-the-art auction technology and sophisticated optimization techniques to vastly improve how risk is transferred around the world.
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