The number of insurers using third-party investment managers isrising quickly, according to data 
compiled by a consultingfirm.
Insurance Asset Outsourcing Exchange reports that a record $28.5billion was outsourced during the second quarter for 2009.
|The Louisville, Ky., company cites the credit crisis as acatalyst for self-examination by insurance CEOs and CIOs. They havebecome more open to change that outside expertise and resources ofan investment manager or consultant can make a difference.
|During that time, the average mandate size increased from $157million in 2007 to $352 million over the first half of 2009, thereport said.
|The report, “Insurance Asset Tracker Outsourcing ActivityUpdate,” is available free to insurance company investment officerswho can request it through the ExchangeWeb site.
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