Liberty Specialty Markets appoints Luis Prato as London President

Liberty-Specialty-Markets-appoints-Luis-Prato-as-London President

Authored by Liberty Specialty Markets

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the appointment of Luis Prato as President, LSM London, effective December 2023. Prato will report into Phil Hobbs, President and Managing Director of LSM.

In the newly created role, Prato will be responsible for setting, owning, and executing the strategy for the London insurance business. He will also work closely with London CUO Melanie O’Neill on the annual plan for London as well as helping to drive a successful client and broker strategy, aligned with LSM’s risk appetite and broader market conditions.

“Luis is a respected market leader with long-standing experience and a proven track record of delivering underwriting profitability in large organisations,” said Phil Hobbs. “LSM offers a wide range of products, a market-leading brand proposition and a long-term, considered approach to risk. With Luis leading our London business, I am confident we will continue to deliver exceptional solutions for our London clients and broking partners.”

Prato joins from AXA XL, where he has been CUO of Lloyd’s and UK since 2018. Prior to AXA XL, Prato was Head of Energy at XL Catlin.


About Liberty

Liberty Specialty Markets offers specialty and commercial insurance and reinsurance products across key UK, European, Middle East, US and other international locations.

We provide brokers and insureds with a broad range of products through both the Company and Lloyd’s markets and have over 1,700 staff in approximately 65 offices. Liberty Specialty Markets was established in September 2013 bringing together Liberty’s company, syndicate and reinsurance operations into one combined operation, composed of three business units: Commercial, Specialty, and Reinsurance (Liberty Mutual Re). This integrated approach means brokers and clients can benefit from our global reach and operating efficiencies.

Liberty Specialty Markets is part of global insurer, Liberty Mutual Insurance Group, a diversified global insurer, formed in 1912 and headquartered in Boston, Massachusetts. Liberty Mutual is the 5th largest global insurer based on 2017 gross written premium, with over 50,000 employees in 30 countries and economies around the world. Our purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care.  We achieve this by offering a full range of personal, commercial, and specialty Property & Casualty insurance coverages. Our customers’ trust has earned us the 68th spot on the Fortune 100 list of largest corporations in the U.S., based on 2017 revenue.

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