Mereo Insurance Limited has joined the Bermuda Association of Insurers and Reinsurers (ABIR) as its newest full member.
Founded in 1993, ABIR represents Bermuda’s leading commercial insurers and reinsurers, and its member companies are among the island’s largest economic contributors, supporting thousands of jobs, investing in local talent development, working extensively with Bermuda charities and community organizations, and ranking among the largest contributors to Bermuda’s corporate income tax system.
According to ABIR’s latest global underwriting report, member companies’ gross premiums increased 10% year-on-year to more than $188 billion in 2024, while total equity increased 8.5% to $178 billion.
Founded in February 2025, Mereo is a Bermuda-based reinsurance platform led by industry veterans Brian Duperreault, Executive Chairman, and David Croom-Johnson, Chief Executive Officer.
The company combines proven reinsurance underwriting expertise with capital markets capabilities to deliver flexible, scalable risk transfer solutions to clients around the world. It is licensed by the Bermuda Monetary Authority.
ABIR Chairman Mark Cloutier commented on the news: “Mereo’s arrival reflects the continued confidence of global investors and industry leaders in Bermuda as a premier jurisdiction for insurance and reinsurance innovation.
“Under the leadership of Brian Duperreault, David Croom-Johnson and their experienced team, Mereo has quickly become an important new player in the global risk transfer market. We are pleased to welcome Mereo as a member of ABIR and look forward to working together to advance Bermuda’s leadership position.”
David Croom-Johnson, CEO of Mereo Insurance Limited, said: “We are delighted 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 global capital that aligns perfectly with Mereo’s long-term vision.
“We look forward to working with other ABIR members to support the continued growth and success of the Bermuda risk transfer market while delivering innovative solutions to our clients around the world.”
ABIR CEO John Huff added: “ABIR welcomes Mereo as an innovative new entrant into Bermuda’s insurance and reinsurance market. ABIR’s primary mission is advocacy and we are proud to represent the public policy interests of leading international insurance and reinsurance companies locally in Bermuda and globally.”
“We look forward to working closely with David, Brian and the entire Mereo team to help them build their business and contribute to Bermuda’s continued success as the world’s leading risk transfer market.”
