Press release
Northern Trust Selected by Mereo Insurance to Provide Asset Servicing and Asset Management Solutions
CHICAGO--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) announced today that it was selected to provide asset servicing and asset management solutions to
About this update from Northern Trust Corporation
[{"type":"text","content":" CHICAGO--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) announced today that it was selected to provide asset servicing and asset management solutions to the newly–launched reinsurance firm, Mereo Insurance Limited.\n\n\nUnder the mandate, Northern Trust Asset Servicing will provide custody services and institutional brokerage solutions, serving as broker for Mereo’s trade execution needs. Additionally, Northern Trust Asset Management (NTAM) will manage a portion of Mereo’s fixed income portfolio and provide cash sweep services.\n\n\nMereo Insurance launched in the first quarter of 2025 and underwrites a broad range of Casualty, Specialty, and Property classes of business. Mereo seeks to participate on both a proportional and non-proportional basis through its office in Hamilton, Bermuda.\n\n\nChris 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.”\n\n\nLyenda Delp, EVP and Head of Global Institutional Client Group, Northern Trust Asset Management, said: “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.”\n\n\nLawrence Minicone, Chief Investment Officer of Mereo Insurance Limited, said: “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.”\n\n\nFor many decades, Northern Trust has been dedicated to serving the needs of global asset owners. The goal within the asset owner segment is to empower the missions of its clients, helping them to maximize investment returns so that they may serve their constituents, their communities, and the w...