Mereo selects Northern Trust for asset servicing and asset management capabilities
Mereo Insurance Limited has selected Northern Trust to provide asset servicing and asset management solutions.
Mereo is a Bermuda-based integrated reinsurance platform that launched in the first quarter of 2025 and underwrites a wide range of casualty, specialty, and property classes of business.
Under the agreement, Northern Trust Asset Servicing will deliver custody services and institutional brokerage solutions, acting as broker for Mereo’s trade execution needs.
Northern Trust Asset Management (NTAM) will also manage a portion of Mereo’s fixed income portfolio and provide cash sweep services.
Chris Dvorak, Head of Insurance Solutions, Northern Trust, said, “Our relationship with Mereo is a great example of Northern Trust’s collaborative approach. We take pride in offering a complete solution with asset servicing and asset management capabilities to meet our clients’ unique needs. Our experience and knowledge of the unique needs of insurance companies helps us build strong relationships that last, and we’re excited to work with Mereo and be part of this journey together.”
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Lyenda Delp, EVP and Head of Global Institutional Client Group, Northern Trust Asset Management, commented, “Northern Trust Asset Management is excited to help Mereo achieve their investment objectives, offering an integrated platform that combines investment insight, liquidity management, operational infrastructure, and data strategy — all tailored for their needs.”
Lawrence Minicone, Chief Investment Officer of Mereo Insurance Limited, added, “When preparing for our launch, we sought a partner that could support our long-term vision, beyond our immediate requirements. With Northern Trust’s significant investment in the insurance sector and its innovative approach, we believe we’ve found a provider that understands our business and can support us as we grow.”
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Mereo Insurance Limited has selected Northern Trust to provide asset servicing and asset management solutions. Mereo is a Bermuda-based integrated reinsurance platform that launched in the first quarter of 2025 and underwrites a wide range of casualty, specialty, and property classes of business. Under the agreement, Northern Trust Asset Servicing will deliver custody services and…