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Blackstone names new Global Head of Insurance By Investing.com

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NEW YORK – Blackstone (NYSE:), the world’s largest alternative asset manager, has appointed Philip Sherrill as the Global Head of Insurance. This strategic move aims to further expand the firm’s rapidly growing insurance platform, which has recently exceeded $200 billion in assets under management—a threefold increase since 2020.

Sherrill brings extensive experience to Blackstone, having served as Chief Strategy Officer at Global Atlantic Financial Group. His previous roles included leading corporate strategy, mergers and acquisitions, capital raising, and strategic initiatives across various business lines. He also held multiple leadership positions within the company’s committees.

His appointment is expected to leverage Blackstone’s scale and capabilities to enhance service to insurance clients and policyholders. Gilles Dellaert, Global Head of Blackstone Credit & Insurance, expressed confidence in Sherrill’s ability to propel the platform’s growth, citing the firm’s “enormous growth momentum” and the “significant opportunity set ahead.”

Prior to his tenure at Global Atlantic, Sherrill was part of Goldman Sachs, before Global Atlantic’s separation from the investment banking giant. He is a Harvard College alumnus, holding an A.B. in Social Studies.

Blackstone’s insurance platform is part of the firm’s broader strategy to deliver strong long-term performance for its clients. The company manages over $1 trillion in assets, with a diverse investment portfolio that includes real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds.

This appointment is based on a press release statement and marks a significant step for Blackstone as it continues to strengthen its position in the insurance sector.

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InvestingPro Insights

Blackstone (NYSE:BX) has shown remarkable performance, with a notable 52.13% return over the past year, underscoring the firm’s strong market presence and investor confidence. The company’s revenue growth has been particularly impressive, with an increase of 129.76% over the last twelve months as of Q1 2024, reflecting its successful expansion efforts and robust business operations.

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



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