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Cedents seek reinsurers with access to traditional and alternative capital

Guy Carpenter says the shift is tied to the growth of dedicated alternative reinsurance capital, which it notes rose to 1.7 this renewal cycle.

Reported · Written up by our desk · Reinsurance

Reinsurance News reports that cedents are increasingly looking for reinsurers that can access both traditional capacity and alternative capital to build more diversified reinsurance programmes.

Speaking after the release of Guy Carpenter’s July 2026 reinsurance renewal report, Guy Carpenter executive Jennifer Paretchan said the expansion of dedicated alternative reinsurance capital had become a defining theme for the mid-year renewals, describing it as something that only “finally manifested” meaningfully in the latest cycle.

Paretchan said the practical impact is that buyers can supplement traditional protection, such as property occurrence limit coverage, with frequency or aggregate protection, using a mix of capital sources to match their risk needs.

Guy Carpenter also said in its report that abundant capacity and a growing reinsurer appetite kept the global property reinsurance market competitive at mid-year, with softer conditions in property and specialty compared with casualty.

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