Tremor clears $1bn in 2020 despite challenging market conditions

Tremor Technologies, the risk transfer marketplace, has said it has placed more than $1 billion in limit in 2020 and is on track to significantly grow in 2021.

The firm launched two new marketplaces in 2020, supporting Live CAT trading and ILW auctions. Tremor ended the year by completing a full property-catastrophe tower placement for WR Berkley Corporation.

Tremor CEO Sean Bourgeois said: “Tremor performs in every market cycle delivering robust reinsurance placements with competitive clearing prices in either soft or hard markets. By incorporating market feedback, Tremor’s flexible technology has evolved the offering since the company’s inception, which now allows for complex subjectivities and provides instant aggregate visibility to help cedants confidently answer one question: ‘How do I know what I paid was the right price?' Like efficient markets elsewhere, the answer is transparent: 'Because that is where supply met demand.'"