Reinsurance News

Blackstone hires Gilles Dellaert to lead Insurance Solutions business

14th January 2020 - Author: Matt Sheehan

U.S investment giant Blackstone has announced the appointment of Gilles Dellaert as Head of its insurance division, Blackstone Insurance Solutions (BIS), effective April 1, 2020.

Blackstone LogoDellaert was formerly Co-President and Chief Investment Officer at retirement and life insurance company Global Atlantic.

In these roles, he was responsible for investment and reinsurance activity across the company’s life and annuity businesses.

He previously worked in Goldman Sachs’ Securities Division Credit Trading and reinsurance businesses, and prior to this spent two years with JP Morgan in Brussels, London and New York

“Gilles is a highly talented executive with deep experience in the insurance and investment management industries – making him an ideal choice for this position,” said Jon Gray, Blackstone President & Chief Operating Officer (COO).

“We look forward to the unique set of skills he’ll bring to the table for our clients and insurance business, which is an important growth initiative for Blackstone.”

Tony James, Blackstone Executive Vice Chairman, also commented: “We are excited to welcome Gilles to Blackstone as we continue to grow our insurance business and serve more clients around the world.”

“The low-interest-rate environment is creating challenges for the insurance industry,” James added. “The customized, high-performing products and services Blackstone offers can be an important part of the solution.”

BIS was formed in 2018 to bring Blackstone’s asset management expertise to the insurance industry, and now manages over $60 billion is assets for various insurers.

The BIS platform will operate under David Blitzer, Global Head of Blackstone’s Tactical Opportunities business.

“Blackstone’s extensive range of offerings across the investment spectrum and access to substantial pools of equity capital make it an ideal partner to the insurance industry,” Dellaert remarked.

“The products Blackstone can deliver provide compelling risk-adjusted performance that helps insurers grow faster and keep their promises to customers. I look forward to helping Blackstone accomplish this mission for the benefit of insurers and their policyholders.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Tremor to bring unprecedented speed & accuracy to more deals, says CEO

Tremor, the programmatic insurance and reinsurance risk transfer marketplace, is excited by its statistics after a successful 2019 and is...