Brian Duperreault’s reinsurance start-up Mereo has won the backing of Susquehanna as its cornerstone investor, as it works to finalise its ~$1bn capital stack in time for a 1 January launch, this publication can reveal.
Sources
Mereo lines up PE house Susquehanna as lead backer as it targets 1.1 launch
Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.