10-02-2025
Ex-AIG Chief Secures $700 Million for Mereo Reinsurance Startup
Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance operations.
The company received commitments from investors that include alternative asset manager Ares Management Corp., quantitative trading firm Susquehanna International Group and mutual insurance firm Andover Cos, according to a statement. Mereo is accepting further equity commitments until the end of March, said Duperreault, the company's chairman.
