Property-Casualty Alternative Capital and the Next Wave of Growth - 2026


Price : $2,000.00



Conning's 2026 Study, Property‑Casualty Alternative Capital and the Next Wave of Growth, examines how alternative capital has evolved from a niche supplement into a core, scalable source of capacity across the property‑casualty insurance and reinsurance markets.


 


Within the study, Conning analyzes the growth, structure, and performance of alternative capital, highlighting record catastrophe bond issuance, the changing mix of sponsors, and the growing dominance of indemnity triggers. The study also provides analysis of expanding structures like MGA sidecars and London Bridge 2 along with the rapid evolution of captives. In assessing the key drivers of growth, Conning identifies several emerging headwinds and concludes that the next phase of expansion will depend on broadening the opportunity set, particularly through casualty ILS, cyber risk transfer, and data centers as a potential new “peak peril,” while also examining the barriers that may constrain adoption in these areas. Throughout, the study details how innovation in modeling, triggers, exit structures, and governance is reshaping both investor participation and sponsor behavior.


 


For readers navigating capital efficiency, capacity constraints, and emerging risks, this study offers timely insight into where the next wave of alternative capital growth is most likely to emerge.



Table of Contents:



  1. Executive Summary

  2. General Market Overview

  3. Captives

  4. Drivers of Growth & Forecast

  5. Future Trends

  6. Conclusion

  7. Appendix: Data, Notes, Captives