April 2012/1

Bermudian start-up Mercury Capital has received seed funding from Lloyd's insurer Ark Syndicate Management to begin underwriting through several "cat bond lite" transactions, Trading Risk can reveal

The most recent batch of 2012 reinsurance launches show that the start-up model is evolving and adapting to the new low interest rate environment

Third Point Re has made a strong statement of its intent to build a significant property cat business with the high profile hire of former Goldman Sachs executive Manoj Gupta, Trading Risk can reveal