Tremor appoints former PartnerRe CEO Clarke to its board

Online reinsurance marketplace Tremor Technologies has appointed reinsurance executive Emmanuel Clarke to its board of directors. Clarke has had a long 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 US, 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 $2 billion 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 allow 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, Clarke 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,” said Clarke. “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, optimised execution and greater efficiency.”

Sean Bourgeois, founder and CEO of Tremor added: “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.”

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.