Reinsurance News

Blackstone appoints Philip Sherrill as Global Head of Insurance

7th May 2024 - Author: Saumya Jain

Blackstone, the alternative asset manager, has appointed Philip Sherrill as the Global Head of Insurance.

In this role, Sherrill’s remit focuses on growing the firm’s insurance platform globally, working closely with Gilles Dellaert, Global Head of Blackstone Credit & Insurance, who commented, “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.”

Before joining Blackstone, Sherrill served as the Chief Strategy Officer at Global Atlantic Financial Group. For more than a decade at the firm, he led corporate strategy, mergers and acquisitions, capital raising, and other strategic initiatives across business lines. He also served on the firm’s Management Committee, Investment Committee, Operating Committee, Risk Committee, and Capital Committee, among other leadership roles. Sherrill worked at Goldman Sachs before Global Atlantic’s separation from Goldman.

Sherrill concluded, “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.”

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Since 2020, Blackstone’s insurance platform has tripled in size, recently surpassing $200 billion in assets under management.

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