Deva Mishra
Blue Owl Capital announced Tuesday the appointment of Deva Mishra as head of its insurance solutions unit, where he will lead the buildout of the firm’s insurance platform.
Mishra’s appointment is effective July 6, and he will report to Blue Owl Co-CEOs Doug Ostrover and Marc Lipschultz.
Mishra’s appointment comes as more asset managers are tapping into the insurance channel seeking growth for their alternative strategies. According to Blue Owl’s announcement, Mishra will leverage the expertise of the firm’s credit, real assets and general partner strategic capital teams to deliver solutions for insurance clients.
In 2024, Blue Owl fully acquired Kuvare Asset Management, a boutique investment firm focused on asset management for the insurance industry, adding $20 billion in assets at the time.
“Deva is a proven builder and leader with a differentiated track record across insurance, asset-backed finance, and long-duration investment solutions,” Ostrover and Lipschultz said in a joint statement. “His approach aligns with our continued focus to serve as a trusted partner to insurers, delivering diversified investment strategies at scale.”
Mishra was most recently CEO of Prosperity Asset Management and the CIO and director of Prosperity Group Holdings. He was also previously deputy CIO at KKR’s insurance unit, Global Atlantic Financial Group.
“Blue Owl has a notable history of delivering strong returns to investors, and the opportunity now is to further scale the insurance solutions platform,” Mishra said in a statement. “This foundation will allow us to leverage Blue Owl’s origination depth and expertise in prudently managing capital across alternatives, creating long-term value for insurers.”
Mishra earned a bachelor of arts degree in computer science and economics from Cornell University.
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Tags: Blue Owl Capital Inc., Blue Owl Insurance Solutions, insurance