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.