Mereo Insurance

Cedar Trace, the Bermuda-based insurance, reinsurance, and asset management group formerly operating under the Mereo brand, has made another senior appointment to its insurance-linked securities (ILS) platform, hiring Patrick Witteveen as Head of Business Development.

Cedar Trace, the Bermuda-based insurance, reinsurance, and asset management group formerly operating under the Mereo brand, has made three senior appointments to its insurance-linked securities (ILS) platform.

Cedar Trace Group, the Bermuda based insurance, reinsurance and asset management specialist, has established a partnership with Austin, Texas based fixed income and alternative solutions manager Sage Advisory Services Ltd. Co., to deliver insurance-linked securities (ILS) enhanced credit opportunities to investors.

Mereo Advisors, the Bermuda based insurance, reinsurance and asset management group that also manages insurance-linked securities (ILS) funds, has been rebranded as Cedar Trace.

Mereo Insurance, the Bermuda-based start-up with former AIG CEO Brian Duperreault as its Chairman, has now finalised a $700m+ capital raise for its equity balance-sheet we understand, gaining an ‘A-‘ rating from AM Best, while the company also deployed around $250m in capacity from its insurance-linked securities (ILS) fund at the January reinsurance renewals.

Mereo Insurance, the Bermuda-based re/insurance start-up that counts former AIG CEO Brian Duperreault as its Chairman, has a strategy to work closely with third-party capital investors, is expected to be up and running for 1/1, with equity and seed capital being finalized for its first insurance-linked securities (ILS) fund, Artemis has learned.

Mereo Insurance, the Bermuda-based re/insurance start-up that has generated plenty of headlines due to the involvement of the former AIG CEO Brian Duperreault and its strategy to work closely with third-party capital, has now received a preliminary credit assessment from rating agency AM Best for its main underwriting vehicle.