
Insight Investment

200 Park Avenue New York, NY 10166

Jeffrey Berman
Head of North America Distribution
Jeffrey.Berman@insightinvestment.com
+1 212 365 3341

Ryan McMurdie
Director, Insurance Solutions
Ryan.McMurdie@InsightInvestment.com
+1 917 208 0115
About Insight Investment
Insight is a global asset manager specializing in fixed income and risk management strategies with $836.1bn in AUM1. We have been working with insurers since 1934 and manage $32bn for over 80 insurers globally. Our investment philosophy offers clients innovative yet practical investment solutions. We manage custom fixed income strategies to help meet clients evolving needs, such as liquidity, principal preservation, earnings stability, tax minimization and total return.
Insight is subsidiary of BNY, which offers insurance clients additional services and access to boutique investment management teams. These services offer the potential for deeper collaboration across your portfolio.
As of March 31, 2026. Assets under management (AUM) are represented by the value of the client’s assets and liabilities Insight is asked to manage. These will primarily be the mark-to-market value of securities managed on behalf of clients, including collateral if applicable. Where a client mandate requires Insight to manage some or all of a client’s liabilities (e.g. LDI strategies), AUM will be equal to the value of the client specific liability benchmark and/or the notional value of other risk exposure through the use of derivatives. Where the methodology defines it, some asset reporting focuses on cash securities only. Insight North America (INA) is part of ‘Insight’ or ‘Insight Investment’, the corporate brand for certain asset management companies operated by Insight Investment Management Limited including, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL) and Insight Investment Management (Europe) Limited (IIMEL). Advisory services referenced herein are available in the US only through INA. Legal entity Insight North America LLC’s AUM is $164.5bn as of March 31, 2026. Figures shown in USD. FX rates as per WM Reuters 4pm spot rates.
1 Includes $32.1bn following the completed transition of BNY Wealth’s municipal bond and taxable fixed income team to Insight on October 1, 2025, assets stated as of December 31, 2025 and includes $3.8bn attributable to certain accounts managed by Insight’s affiliate, BNY Mellon, National Association, for which certain Insight investment personnel act as dual officers. Such accounts pursue the same or similar investment strategies to those pursued by Insight clients. 2 Includes employees of Insight North America LLC and its affiliates, which provide asset management services as part of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML).
Global Fixed Income and Insurance Portfolios
Brendan Murphy and Jim Kaniclides of Insight Investment join the InsuranceAUM.com podcast to discuss global fixed income opportunities, hedged yields, diversification, and how insurers can incorporate non-U.S. bonds into core portfolios.
Three AI-Related Fixed Income Ideas
Fixed income markets are financing AI, creating potentially compelling spread opportunities across the credit spectrum in hyperscaler and cloud provider corporate bonds, digital infrastructure ABS, and utility bonds.
The UK Fiscal Position: An International Comparison
As highlighted in our paper Fiscal fault lines: a global review of sovereign fiscal health, the UK's public finances appear risky, though far from the most concerning globally.
Rare Earths Versus Semiconductors – What Are They Playing at?
In the lead-up to the APEC summit in South Korea, trade tensions between the US and China escalated, with China imposing new export controls on rare earths and retaliating against proposed US shipping restrictions. However, Presidents Trump and Xi later agreed to extend the existing trade truce.
Dollar dominance: holding on in a fragmenting world
“Over time, the global monetary system may shift away from reliance on a single dominant reserve currency toward a more fragmented, multipolar framework.” The US dollar remains the world’s dominant reserve currency – but for how much longer?
P&C Insurers: Strategic Planning Amid Financial Resurgence
Property and casualty (P&C) insurers made a strong return to profitability. Amid ongoing uncertainty, this may present a valuable opportunity to retroactively evaluate their enterprise risk management (ERM) frameworks.
The Case for Global Short-Dated High Yield
Insight’s global short-dated high yield strategy targets issues which we believe will be repaid within a two-year time horizon. Ideally, the companies in which we invest are seeking to enhance their business in some way; this can take the form of selling an asset, buying a competitor, or undertaking capital investment such as building a factory or plant. This activity seeks to lead to an increase in the amount of cash generated by the company, either via increased revenue streams or from the proceeds of a sale, which can be used by the company to repay its debt, or to refinance its debt on more attractive terms.
An Esoteric Q&A - Structured Credit’s Cutting Edge
Our experts discuss why the esoteric structured credit market presents a potentially exciting opportunity for institutional investors looking to improve risk-adjusted returns, meet liability streams, or invest cash balances.
Global Trade in Chains: Part 3 - China vs the US: Non-tariff Barriers
In the face of market turmoil and downgrades to economic forecasts, as well as US corporate executives expressing alarm at the consequences, the Trump administration has started to back away from maximalist economic conflict with the rest of the world all at once.
Systematic Insights: Is High Yield Doing Better Than You Expected?
Is now the time to consider US high yield and re-evaluate your view of the market’s risk profile? High yield spreads widened by 60bp year-to-date, trading around their highest levels since September, pushing all-in yields up to 7.6%.
Global Macro Research: A New World Order
The global economy is undergoing a profound transformation, marked by unprecedented uncertainty and rapid change as a new world order emerges. This paper delves into the critical factors driving this reshaping and examines the potential implications for investors and policymakers.
Global Macro Research: Global Trade in Chains Part 2
Events are changing very quickly and, for now, the US has announced a 90-day delay for tariffs above the 10% baseline other than for China. However, for the purpose of stress testing our views it is prudent to work on the basis that the US will return to its original plan once markets have settled down.
Global Trade in Chains: Part 1 - Key Takeaways From Reciprocal Tariffs
“Liberation day” tariffs will stifle global trade. While some of these tariffs might be negotiable, the process appears challenging, with a permanent minimum tariff level aimed at rebalancing trade, raising revenue, or to stymie China.
Discovering New Opportunities For Yield And Safety In The Municipal Bond Market
Join host Stewart Foley on the InsuranceAUM.com Podcast as we explore new opportunities for yield and safety in the municipal bond market with Insight Investment experts.
Opportunities for insurance investors
At Insight, we have managed insurance assets for over 30 years. We provide our insurance clients with dedicated investment, actuarial and client teams as well as a large team of fixed income specialists. We strive for close partnerships with our clients, delivering innovative and custom solutions to address their complex and often idiosyncratic needs.
Insight Investment: Thoughts for 2025
Global rates – time for a reality check: Real policy rates have moved from deep negative territory to the highest levels since before the global financial crisis, providing central banks with the flexibility to start easing. Although prudent rate cuts are necessary to underpin growth and ensure a soft landing, the exuberance of rate markets is questionable. Markets are now pricing in a faster easing cycle than previous crises, which seems at odds with an economy that is still growing and an equity market close to record highs. Unless economic data deteriorates significantly, markets may need to reassess expectations for both how rapidly rates will decline and the terminal level of rates.
Key Insurance Themes And Investment Outlook - Q3 2024
In this publication we will share some of our key insurance investment themes and views, based on our work with clients and other industry stakeholders over the last quarter. We also outline our key fixed income insights and economic views. If you have any feedback, please do not hesitate to get in touch.
Time for insurance investors to embrace systematic fixed income?
A Q&A with Paul Benson, Insight’s head of systematic fixed income, on the potential applications of systematic fixed income approaches within insurance allocations.
Time for P&C insurers to increase their fixed income allocations?
P&C insurance investors responded to the zero-interest rate (ZIRP) era by reducing fixed income allocations in favor of equities and private investments. But, as rates have risen, we have not seen a corresponding upswing in fixed income allocations. We believe there is the potential to improve risk-adjusted returns by increasing exposure to public fixed income.
Key Insurance Themes And Investment Outlook
We share key insurance investment themes and views, based on our work with clients and other industry shakeholders. We also outline our key fixed income insights and economic views. If you have any feedback, please do not hesitate to get in touch.
Revolutionizing Fixed Income Systematic Fixed Income in Insurance Portfolios
Paul Benson is the Head of Systematic Fixed Income at Insight Investment.
AN ESOTERIC Q&A - Fixed Income's Cutting Edge
Our experts discuss why the esoteric structured credit market presents a potentially exciting opportunity for institutional investors looking to improve risk-adjusted returns, meet liability streams, or invest cash balances.
US INSURANCE WATCH: A review of Q1 2024 and investment outlook
In this publication we will share some of our key insurance investment themes and views, based on our work with clients and other industry stakeholders over the last quarter. We also outline our key fixed income insights and economic views. If you have any feedback, please do not hesitate to get in touch.
Esoteric ABS and the Evolution of Insurance Asset Management
Kerry O’Brien is the Head of Insurance Portfolio Management, and Richard Talmage is a Portfolio Manager at Insight Investment.
Time for insurers to actively sell their tax-exempt bonds?
We believe that it is time for P&C insurers to take a more active approach to reducing their tax-exempt bond exposure. As industry profitability headwinds persist, investing in higher yielding taxable bonds can quickly compensate for any crystallized losses on sales.
Global macro research: asset returns post rate peaks
Rate expectations have changed dramatically and, although markets appear to have got ahead of themselves, inflation is moderating, and growth has slowed, which supports the view that the hiking cycle is over.
China: potential growth – lower for longer
We continue to have a bearish view for Chinese growth over the medium term relative to current market expectations. Our base case is that the potential growth rate of China falls over the next five years before plateauing at around 2.5% from 2028 onwards.
Thoughts for 2024 – For Insurance Companies
Global rates – higher rates should mean higher long-term returns: In our view, the neutral rate, or level of real interest rates at which central bank policy is neither stimulating nor restricting economic growth, has shifted upwards. This raises the range in which central banks will be conducting monetary policy in the years ahead.
Global Macro Research: The New Era of Global Protectionism
A new era of protectionism is emerging from climate change, geopolitical rivalry and supply chain reshoring. It is reshaping the global economy and geopolitics.
Insurance investors: reinforcing resilience
Post pandemic, insurance investors have suffered a perfect storm of high inflation, historic investment losses and a hardening reinsurance market. It may be an opportunity to collectively revisit enterprise risk management programs and investment strategy.




























