Mereo Insurance Limited has joined the Association of Bermuda Insurers and Reinsurers (ABIR) as its newest full member.
Founded in 1993, ABIR represents Bermuda’s leading commercial insurers and reinsurers, whose member companies are among the island’s largest economic contributors, supporting thousands of jobs, investing in local talent development, engaging extensively with Bermuda charities and community organisations, and ranking among the biggest contributors under Bermuda’s Corporate Income Tax regime.
According to ABIR’s latest Global Underwriting Report, member companies recorded a 10% year-over-year increase in gross written premium in 2024, reaching more than $188 billion, while total equity increased by 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 firm combines established reinsurance underwriting expertise with capital markets capabilities to offer flexible, scalable risk transfer solutions to clients worldwide. It is licensed by the Bermuda Monetary Authority.
Mark Cloutier, Chair of ABIR, commented on the news, “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.”
David Croom-Johnson, Chief Executive Officer of Mereo Insurance Limited, said, “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, CEO of ABIR, added, “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.”
