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Stock impact report

Root, Inc. and Tremor Partner to Place Property Catastrophe Program

Root, Inc. (ROOT) 
Company Research Source: GlobeNewswire
COLUMBUS, Ohio, June 15, 2021 (GLOBE NEWSWIRE) -- Tremor and Root, Inc. (NASDAQ: ROOT), the parent company of the Root Insurance family of insurance companies, today announced that Root has successfully placed its June property catastrophe program with Tremor Panorama. As the leading online marketplace in reinsurance, Tremor enhances the placement process by using modern technology to help provide a more efficient and data-rich experience. “When we got the call that the Root team wanted to place their entire property catastrophe program with us, we were thrilled. This team is known for being thoughtful, and for their commitment to innovation,” says Sean Bourgeois, Tremor’s Founder and CEO. “In less than a week, we were able to organize the placement and bring more capacity than was needed, allowing Root to manage its long-term relationships during the process. We were particularly excited that we could bring new markets to the program while delivering competitive pricing subject to Show less Read more
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