The start-up reinsurer has received its 'A-' AM Best rating and the Mereo ILS division is up and running
Mereo gets rating, deploys $250m ILS fund capacity | | | Mereo gets $700m+ balance-sheet rated, deploys $250m ILS fund capacity at 1/1  Mereo Insurance, the Bermuda-based start-up with former AIG CEO Brian Duperreault as its Chairman, has now finalised a $700m+ capital raise for its equity balance-sheet we understand, gaining an 'A-' rating from AM Best, while the company also deployed around $250m in capacity from its insurance-linked securities (ILS) fund at the January reinsurance renewals. With this initial $250 million of limit deployed by the Mereo ILS Opportunities fund, the company is said to have additional committed ILS capital lined up for deployment at the April and mid-year reinsurance renewal seasons. Read the full story. | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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