Susquehanna International Group and Ares Management completed the investment in Mereo Insurance Limited.

Susquehanna International Group, a global quantitative trading firm, and Ares Management, a global alternative investment manager completed the investment in Mereo Insurance Limited, Bermuda-based, integrated reinsurance platform. Financial terms were not disclosed. "We are pleased to be able to work with an experienced team in a new venture like Mereo. Through our flexible capital solution, we look forward to supporting their growth and strategic ambitions as a trusted reinsurance counterparty," Scott Rosen, Ares Management Partner. "Andover is proud to partner with the talented Mereo team who have a strong track record of success. This investment is an excellent addition to the Andover portfolio because of the diversified nature of Mereo’s writings and the cultural alignment of our firms," Charles J. DiGrande, The Andover Companies President and CEO.