Mills calls halt to Pyrrhic Re fundraising as start-up momentum fades
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Mills calls halt to Pyrrhic Re fundraising as start-up momentum fades

Fiona Robertson
20 July 2021
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Pyrrhic Re has formally announced that it is shelving plans to launch a new reinsurer and calling a halt to capital raising after more than a year at work on the project.

The initiative was led by former Verto Syndicate 2689 CEO Peter Mills, who as this publication reported in September 2020 was hoping to raise $550mn to support a combined MGA/carrier launch.

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