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.
Learn More
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.
Read More
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.
Read More
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.
Read More
“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?
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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%.
Read More
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.
Read More
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.
Read More
“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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More 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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
A new era of protectionism is emerging from climate change, geopolitical rivalry and supply chain reshoring. It is reshaping the global economy and geopolitics.
Read More
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.
Read More
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.
Read More
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.
Read More
Paul Benson is the Head of Systematic Fixed Income at Insight Investment.
Read More
Kerry O’Brien is the Head of Insurance Portfolio Management, and Richard Talmage is a Portfolio Manager at Insight Investment.
Read More*as of 03/31/2026
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).