BlackRock, Conning and NEAM most popular asset managers for US insurance companies

Written by Adam Cadle

27/04/2023

BlackRock, Conning and New England Asset Management (NEAM) ranked the most popular asset managers for US insurers in 2022, according to research published by the National Association of Insurance Commissioners (NAIC).

BlackRock maintained the top listing for most used investment manager, followed by Conning and NEAM.

According to the NAIC, about half of US insurers in 2022 reported outsourcing investment management to an unaffiliated firm. P&C companies continued to account for almost 60% of US insurers outsourcing to unaffiliated investment managers.

Small insurers, or those with less than $250m in AuM, accounted for the largest percentage, or 62% of the total number of US insurers that outsourced investment management at year-end 2022.

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