Blackstone Appoints Philip Sherrill as Global Head of Insurance

Rhea-AI Summary

Blackstone (BX) appoints Philip Sherrill as Global Head of Insurance, focusing on growing the firm's insurance platform globally, leveraging scale to serve clients and drive performance. The platform has tripled in size since 2020, exceeding $200 billion in assets under management. Sherrill brings extensive experience from Global Atlantic Financial Group and Goldman Sachs.

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• Blackstone's insurance platform has tripled in size since 2020, surpassing $200 billion in assets under management.
• Philip Sherrill's appointment as Global Head of Insurance brings extensive experience in corporate strategy, mergers and acquisitions, and capital raising from his previous role as Chief Strategy Officer at Global Atlantic Financial Group.
• Sherrill's expertise is expected to drive Blackstone's insurance platform growth to the next level, enhancing client service and value delivery to insurance companies.

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• None.

NEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE:BX) today announced the appointment of Philip Sherrill as Global Head of Insurance. In his new role, Mr. Sherrill will focus on growing the firm’s insurance platform globally, working closely with Gilles Dellaert, Global Head of Blackstone Credit & Insurance.

Blackstone’s insurance platform has tripled in size since 2020, recently surpassing $200 billion in assets under management. The platform leverages the firm’s scale and breadth to serve Blackstone’s insurance clients, to drive stronger long-term performance, and, ultimately to meet the needs of more policyholders.

Gilles Dellaert, Global Head of Blackstone Credit & Insurance, said: “We are very pleased to welcome Phil to Blackstone as Global Head of Insurance. Our credit and insurance business is experiencing enormous growth momentum, and we see a significant opportunity set ahead of us. Phil’s experience and expertise will be instrumental in taking our platform’s growth to the next level.”

Philip Sherrill said: “Blackstone has an unparalleled platform and an exceptional record of client service, putting it in a unique position to deliver value to insurance companies. I am privileged to become a part of this team and I look forward to joining Blackstone."

Mr. Sherrill was previously Chief Strategy Officer at Global Atlantic Financial Group, where, for more than a decade, he led corporate strategy, mergers and acquisitions, capital raising, and other strategic initiatives across business lines, serving on the firm’s Management Committee, Investment Committee, Operating Committee, Risk Committee, and Capital Committee, among other leadership roles. Mr. Sherrill worked at Goldman Sachs prior to Global Atlantic’s separation from Goldman, and holds an A.B. in Social Studies from Harvard College.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240507911557/en/

Felix Lettau

+44 (0) 7587 020 020

Felix.Lettau@Blackstone.com

Source: Blackstone

FAQ

Who is the new Global Head of Insurance at Blackstone?

Philip Sherrill is the new Global Head of Insurance at Blackstone.

What is the stock symbol for Blackstone?

The stock symbol for Blackstone is BX.

What is the recent milestone achieved by Blackstone's insurance platform?

Blackstone's insurance platform recently surpassed $200 billion in assets under management.

Where did Philip Sherrill work before joining Blackstone?

Philip Sherrill was previously Chief Strategy Officer at Global Atlantic Financial Group.

What experience does Philip Sherrill bring to Blackstone?

Philip Sherrill brings experience in corporate strategy, mergers and acquisitions, and capital raising from his previous role at Global Atlantic Financial Group.