title = "Alternative Capital"

content = """
Alternative capital (insurance-linked securities, collateralized reinsurance) provides reinsurance capacity from capital markets investors. It has grown significantly in catastrophe and specialty lines.

**Structures:** Cat bonds, sidecars, and collateralized reinsurance vehicles. Investors take insurance risk in exchange for returns correlated with loss experience.

**Benefits:** Additional capacity, diversification from traditional reinsurers, and multi-year capital. Can stabilize pricing in hardening markets.

**Considerations:** Structures may have different documentation, settlement, and credit profiles. Operations must understand and administer these arrangements appropriately.
"""  # noqa: E501

version = "0.0.1"
