Liberty Mutual Re promotes Alice Blake to build Bermuda financial risks reinsurance

Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has promoted Alice Blake to the role of a senior underwriter – financial risks reinsurance.

Based in Bermuda, Blake will be responsible for the underwriting of the financial risks portfolio, and will also develop and implement a strategy to access business originating from the Bermuda reinsurance market.

Blake will report to Steve Horton, president, Liberty Specialty Markets Bermuda, and also continue reporting to Susan Barber as part of the global financial risks reinsurance team.

She will continue her role as political risk/credit risk (PR/CR) single risk product leader, underwriting PR/CR business that has been renewed onto the Bermuda platform.

Blake has been with LM Re since 2014, as a London-based reinsurance underwriter. She has over ten years’ experience in the re/insurance sector, having also worked for XL Insurance in London as an underwriter. Prior to that, she held roles at BAE Systems in Australia and Europe.

Her appointment is a part of LM Re’s strategy to grow its global footprint in the reinsurance market and follows on from the recruitment of representatives in Italy in 2018 and the recent expansion via Lloyd’s Mexico in May 2019.

“Alice’s arrival is part of our long-term strategy to build out Liberty Mutual Re’s reinsurance operations in Bermuda," said Horton. "Having developed a strong portfolio of reinsurance business in London over the last five years, she has the technical skills and experience necessary to make an impact in the Bermuda market and, importantly, grow our financial risks reinsurance book here.”

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