Latest news with #MereoInsuranceLimited
Business Wire
17 hours ago
- Business
- Business Wire
Mereo Advisors Rebrands as Cedar Trace
HAMILTON, Bermuda--(BUSINESS WIRE)--Mereo Advisors Group, the Bermuda-based insurance, reinsurance and asset management group, has announced it will rebrand as Cedar Trace. Cedar Trace's business and management team remain exactly the same. Cedar Trace has a close alignment with Mereo Insurance Limited, the Bermuda reinsurance company with an A- financial strength rating from AM Best. This relationship will not change after the rebranding. 'The name and logo changes are to draw a clearer distinction between the regulated balance sheet and all the other business lines we currently operate or plan to operate,' said Lawrence Minicone, Cedar Trace's CEO. All companies within the Cedar Trace Group will change names: Mereo Advisors Holdings Limited is now Cedar Trace Advisers Holdings Limited; Mereo Advisors Limited is now Cedar Trace Advisers Limited; Mereo Capital Limited is now Cedar Trace Capital Management Limited; Mereo ILS Opportunities Limited is now Cedar Trace ILS Opportunities Limited. About Cedar Trace Cedar Trace Advisers Limited (formerly Mereo Advisors Limited) is a Bermuda-based insurance, reinsurance and asset management group offering scalable capital solutions across property, casualty, and specialty lines. Cedar Trace has a close strategic alignment with Mereo Insurance Limited, the class 3B BMA regulated reinsurance company with an A- financial strength rating from AM Best. For more information, please visit
Yahoo
17 hours ago
- Business
- Yahoo
Mereo Advisors Rebrands as Cedar Trace
HAMILTON, Bermuda, June 09, 2025--(BUSINESS WIRE)--Mereo Advisors Group, the Bermuda-based insurance, reinsurance and asset management group, has announced it will rebrand as Cedar Trace. Cedar Trace's business and management team remain exactly the same. Cedar Trace has a close alignment with Mereo Insurance Limited, the Bermuda reinsurance company with an A- financial strength rating from AM Best. This relationship will not change after the rebranding. "The name and logo changes are to draw a clearer distinction between the regulated balance sheet and all the other business lines we currently operate or plan to operate," said Lawrence Minicone, Cedar Trace's CEO. All companies within the Cedar Trace Group will change names: Mereo Advisors Holdings Limited is now Cedar Trace Advisers Holdings Limited; Mereo Advisors Limited is now Cedar Trace Advisers Limited; Mereo Capital Limited is now Cedar Trace Capital Management Limited; Mereo ILS Opportunities Limited is now Cedar Trace ILS Opportunities Limited. About Cedar Trace Cedar Trace Advisers Limited (formerly Mereo Advisors Limited) is a Bermuda-based insurance, reinsurance and asset management group offering scalable capital solutions across property, casualty, and specialty lines. Cedar Trace has a close strategic alignment with Mereo Insurance Limited, the class 3B BMA regulated reinsurance company with an A- financial strength rating from AM Best. For more information, please visit View source version on Contacts For Media Inquiries: Victoria Halman | email: Victoria@
Associated Press
10-02-2025
- Business
- Associated Press
AM Best Assigns Credit Ratings to Mereo Insurance Limited
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of 'a-' (Excellent) to Mereo Insurance Limited (Mereo) (Hamilton, Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Mereo's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The ratings also reflect AM Best's expectation that, based on Mereo's business plan, the company will maintain a balance sheet strength assessment of very strong supported by its projected risk-adjusted capitalization being at the strongest level throughout the five-year initial forecast period, as measured by Best's Capital Adequacy Ratio (BCAR). Initial capitalization in 2024 and retained earnings through the forecast period are expected to support Mereo's premium growth, which is expected to be rapid in its early years, based on projections. The company's capital is anticipated to be managed through the use of reinsurance and potentially third-party capital. Investment risk is projected to be low given its conservative investment portfolio, which will remain matched closely to the evolution of the liability profile, supporting stability in future balance sheet metrics. The adequate operating performance assessment and the limited business profile assessment are based on Mereo's business plan as presented to AM Best. The plan includes rapid premium growth in its initial years and improving operating profitability that supports an adequate operating performance assessment. Outlined in the plan is a portfolio composed of casualty and specialty business diversified by subcategories, geographies, and attachment points. Mereo's senior management team is composed of individuals with extensive experience and strong track records in the industry. The limited business profile assessment, nevertheless, considers the execution risk faced by any start-up operation, in recognition of the customary challenges associated with gaining market acceptance in the casualty and specialty space, while remaining profitable. An ERM structure has been established initially and is expected to develop as the product risks complexity of the business evolves. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view. Associate Director +1 908 882 1901 [email protected] Sharkey Associate Director, Public Relations +1 908 882 2310 [email protected] Dickerson Director +1 908 882 1737 [email protected] Slavin Senior Public Relations Specialist +1 908 882 2318 [email protected] INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: AM Best Copyright Business Wire 2025. PUB: 02/10/2025 02:09 PM/DISC: 02/10/2025 02:10 PM
