The growth of alternative capital is giving buyers more flexibility to build diversified reinsurance programmes, with cedents increasingly seeking partners able to access both traditional and alternative sources of capacity, Guy Carpenter’s Jennifer Paretchan recently told Reinsurance News. Speaking following the release of the firm’s July 2026 reinsurance renewal report,

With capacity constraints likely to limit the insurance industry’s ability to fully insure hyperscale data centre projects, given their scale and complexity, a new report from S&P notes that this will drive greater use of self-insurance through captive insurers, and potentially, alternative capital such as insurance-linked securities (ILS). The rating