Tremor last week executed what is believed to be the first programmatic ILW trade via an online auction. A US$50bn US wind and earthquake contract cleared at a rate on line (ROL) of 12.25% through the platform, having traded at a ROL of 12.5% before brokerage.
Tremor opened its weekly online ILW auctions on 2 April to provide an active marketplace to transact re/insurance coverage.
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