Pensions
Rate Cuts Unlikely to Affect PRT Market in Short Term
Funds are more sensitive to long-term rates, upon which the Federal Reserve’s action will have little impact.
Despite underwriting losses due to catastrophic weather and high inflation, rebounding markets, higher rates and private market investments have led property and casualty insurers to see increased investment income.
A rise in discount rates helped most statuses increase last month, according to multiple pension trackers.