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New reinsurer Mereo has secured Bermuda Monetary Authority approval as it looks to start on January 1

Special Topics in Insurance will be sponsored for the fifth year by the Association of Bermuda Insurers and Reinsurers

The company is a wholly-owned subsidiary of Ark Insurance Holdings Ltd, the non-operating holding company of the Ark group

Industry veteran is to become chief executive, Life and Health, succeeding Marc Archambault

News comes after the receipt of regulatory approval to operate in the country

Company issues five-year debt service reserve guarantees for the benefit of ABP Acquisitions UK Ltd and ABP Finance Plc of the Associated British Ports Group

The agency said the company has a track record of strong underwriting performance across the cycle, supported by a geographically diverse earnings profile

Industry veteran becomes head of Terrorism, Political Violence and War

Secondary perils like floods, fires and severe convective storms are a larger part of catastrophe losses in recent years

The joint effort highlights career opportunities in the industry