Mereo joins ABIR as reinsurer outlines expansion plans
Mereo Insurance has joined the Association of Bermuda Insurers and Reinsurers (ABIR) as a full member, reinforcing the trade body's representation of Bermuda's international insurance and reinsurance market.
The Bermuda-based reinsurer launched in February 2025 with more than $500 million in initial capital, Bermuda Monetary Authority approval and an A- financial strength rating from AM Best. It is authorised to write both direct insurance and reinsurance business in Bermuda and focuses on property, casualty, specialty and alternative risk transfer.
Mereo is led by executive chairman Brian Duperreault (pictured left) and chief executive officer David Croom-Johnson. The company combines traditional reinsurance underwriting with capital markets solutions and has outlined plans to expand across global reinsurance markets.
Mark Cloutier, chair of ABIR, said: “Mereo’s arrival reflects the continued confidence that global investors and industry leaders have in Bermuda as the premier jurisdiction for insurance and reinsurance innovation. Under the leadership of Brian Duperreault, David Croom-Johnson, and their experienced team, Mereo has quickly established itself as an important new participant in the global risk transfer marketplace. We are delighted to welcome Mereo to ABIR membership and look forward to working together to advance Bermuda's leadership position.”
Croom-Johnson added: "We are pleased to join ABIR and become part of Bermuda’s leading insurance and reinsurance industry association. Bermuda offers a unique combination of talent, regulatory excellence, and access to global capital, which aligns perfectly with Mereo’s long-term vision. We look forward to working alongside fellow ABIR members to support the continued growth and success of Bermuda’s risk transfer market while delivering innovative solutions to our clients around the world.”
John Huff (pictured right), chief executive officer of ABIR, said: “ABIR welcomes Mereo as an innovative new entrant to Bermuda’s insurance and reinsurance market. ABIR’s primary mission is advocacy, and we are proud to represent the public policy interests of Bermuda’s leading international insurers and reinsurers both locally and globally. We look forward to working closely with David, Brian, and the entire Mereo team as they build their business and contribute to Bermuda’s continued success as the world’s leading risk transfer marketplace.”
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