Mereo Insurance Ltd, the A-rated Bermudian-based (insurance and) reinsurance carrier, has chosen the London-based Phinsys as part of its scalable finance infrastructure strategy.

Phinsys delivers innovative software solutions to optimise finance and accounting processes in the global insurance industry.

Phinsys made the announcement today, highlighting how Mereo specialised in reinsurance for property, casualty and specialty lines. Under this partnership, Phinsys said, it would implement its full suite of finance automation software to support Mereo’s finance operations.

It said: “As a growing business in its initial phase, Mereo is building its finance infrastructure and platform designed for scale — free from legacy constraints. By adopting the full Phinsys product suite, including Tandem, Rapport, Postbox, Comply and Inform, Mereo is establishing an efficient, scalable and resilient finance function to support its long-term growth.”

David Croom-Johnson, the chief executive officer of Mereo, said: “As a start-up, we have the unique opportunity to design our finance infrastructure with a future state mindset. Partnering with Phinsys enables us to invest in a proven platform that will scale with us, automate complex processes and give us the control and visibility we need to grow with confidence.”

Eric Butler, Phinsys chief revenue officer, added: “We’re proud to support Mereo at this formative stage in their journey. Implementing our platform early allows them to focus on growth and performance, backed by a finance architecture built for scale, efficiency and regulatory assurance.”

Phinsys added: “This engagement highlights Phinsys’ ongoing commitment to enabling forward-thinking insurance and reinsurance businesses to build smart, future-ready finance operations from the outset.”