NU Online News Service, May 3, 1:12 p.m. EDT

First-quarter catastrophes could have a negative impact on the property-catastrophe market as underwriters deal with a combination of losses and changes to their risk profile, according a broker's report.

Commenting on the report, Lockton's Jim Rubel, executive vice president, director of property and energy, says recent events “are sending shockwaves throughout the global property-catastrophe market and could lead to restrict capacity and possibly even increase rates.”

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