AXA XL discusses reinsurance market sustainability with Baden-Baden
What happened
Bertrand Romagne, chief executive of international reinsurance at AXA XL, spoke to Baden-Baden on October 18, 2026, regarding the reinsurance market. He noted that retentions and attachment points will feature in January renewal negotiations. Romagne stated that while a more competitive reinsurance market is reopening discussions about frequent weather losses, shifting these claims back to reinsurers comes at a cost.
Why it matters
The discussion centers on whether the reinsurance market can sustainably provide protection for increasingly frequent perils, including flood, hail, and wildfire. AXA XL noted that the previous situation, where losses shifted towards insurers, was unsustainable. The market discussion requires considering how claims should be shared alongside providing protection.
Who's involved
- AXAThe company whose chief executive spoke about reinsurance capacity and risk balance.
- Baden-BadenThe town in Germany where AXA XL conducted the meeting.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Deutsche RückSpeculative
Deutsche Rück might face changes in its market price and competitive position due to the discussion on primary perils and data needs.
- Guy CarpenterSpeculative
Guy Carpenter could see its competitive positioning affected by the need for better data and pricing in the reinsurance market.
- Aon plcSpeculative
Aon plc might experience changes in its competitive positioning as the market discusses better data and pricing.
Keep exploring
The entities involved
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AXA
French multinational insurance firm
Nothing else this week.
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Baden-Baden
town in Baden-Württemberg, Germany
Nothing else this week.