{"id":54034,"date":"2016-08-24T08:34:18","date_gmt":"2016-08-24T12:34:18","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=54034"},"modified":"2016-08-24T08:34:18","modified_gmt":"2016-08-24T12:34:18","slug":"hedge-fund-inroads-weaken-reinsurers-catastrophe-defenses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2016\/hedge-fund-inroads-weaken-reinsurers-catastrophe-defenses.html","title":{"rendered":"Hedge Fund Inroads Weaken Reinsurers\u2019 Catastrophe Defenses"},"content":{"rendered":"<p>(Bloomberg) It won\u2019t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry into losses. Property &#038; casualty reinsurance is \u201cgetting very close to combined ratios of 100 percent,\u201d Manfred Seitz, managing director of international reinsurance at Warren Buffett\u2019s Berkshire Hathaway Inc., said at a roundtable of industry executives on Monday. \u201cEven if we see normal catastrophe claims in 2016, you could see a number of companies\u201d reach the threshold. A ratio above 100 percent means claims and expenses exceed premium income.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-08-23\/hedge-fund-incursion-weakens-reinsurers-catastrophe-defenses\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) It won\u2019t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54034","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=54034"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54034\/revisions"}],"predecessor-version":[{"id":54035,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54034\/revisions\/54035"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=54034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=54034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=54034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}