Ex-AIG Chief Secures $700 Million for Ambitious Mereo Reinsurance Startup

In a groundbreaking move in the insurance industry, the former head of American International Group (AIG), Maurice "Hank" Greenberg, has successfully raised a staggering $700 million to launch his new reinsurance venture, Mereo. This significant funding milestone positions Mereo as a key player in the rapidly evolving reinsurance landscape, promising innovative solutions and competitive offerings.

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