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October 27, 2021

Tremor launches real-time reinsurance placement solution

Online reinsurance pricing and placement platform Tremor Technologies has launched a new offering, called Tremor Blackboard.

The new offering is aimed at ceded reinsurance teams working across multiple locations.

Tremor Blackboard offers a collaboration solution that plugs directly into Tremor’s existing marketplace.

The technology vendor noted that the new offering enables access to Tremor’s marketplace of $500bn of reinsurance capital and pricing and allocation technology.

It allows ceded reinsurance team to review price, limit and terms scenarios for teams working in different locations, Tremor said adding that as one user makes changes in their account the entire team sees them live.

Founded in 2016, Boston-based Tremor raised nearly $10m in funding from a clutch of existing investors including Nephila Capital, Markel Corporation and lead investor, Anthemis Group.

In other reinsurance news, French mutual insurer Covéa has reportedly reinitiated talks with Exor to acquire its reinsurance business PartnerRe.

The French insurer had finalised the deal to acquire PartnerRe in an all-cash deal in March 2020.

Under the terms of the initial agreement, the deal would have fetched Exor $9bn.

Earlier this week, British insurance broker Tysers launched a cloud-based platform Tconnect, which consolidates processes and automates the end-to-end life cycle of an insurance policy.

The cross-functional platform is a digital transformational initiative that can connect systems, clients and markets to digital trading platforms.

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