Europe’s construction sector navigates rising project complexity, escalating climate volatility, tightening insurance capacity and increasingly demanding investor expectations, alternative risk transfer (ART) strategies are becoming essential tools for sophisticated risk managers. Captives, parametric covers and alternative capital structures are no longer niche solutions — they are now mainstream components of risk financing for multinational project owners and contractors. This session will explore the latest developments in Europe’s ART landscape: how captives are being leveraged to absorb volatility from high-severity project risks, where parametric solutions are gaining traction for climate, delay and geotechnical exposures and how insurance-linked securities and other forms of alternative capital are enabling large, complex programmes to secure stable long-term protection.

A panel of senior experts will discuss how these mechanisms are evolving, where they are most effectively deployed and what the next generation of ART solutions may look like. The conversation will include real-world scenarios where ART has unlocked capacity, improved risk retention strategy, enhanced resilience, or supported uninsurable or emerging risks. Attendees, already familiar with these tools, will gain a high-level view of how the market is shifting: the rise of blended structures combining parametric and traditional capacity, the growing sophistication of climate and delay triggers and the role of captives as strategic risk financing engines. This is a forward-looking session designed to help leaders understand where ART is heading and how they can strategically position their organisations ahead of the curve.