Liberty Mutual Insurance Appoints Michael Prestileo Senior Vice President & General Manager, Liberty Mutual Benefits Distribution

BOSTON--()--Liberty Mutual Insurance is pleased to announce the appointment of Michael Prestileo as senior vice president & general manager of distribution, with responsibilities for sales and service across the benefits organization.

“Mike is the ideal choice to lead our distribution”

Liberty Mutual Benefits offers a suite of employee benefits products and services, including disability, life, absence management and voluntary offerings, along with individual life and annuities. Liberty Mutual Benefits’ employer segment is the fastest growing group life and disability carrier, according to Gen Re Group Market Survey. Its individual segment is the leader in the bank life insurance market, according to first quarter 2016 data from LIMRA.

“Mike is the ideal choice to lead our distribution,” notes Rebecca Schechter, president, Liberty Mutual Benefits. “He was part of the leadership team that brought together Liberty Mutual’s stand-alone Group Benefits, Individual Life and Accident & Health operations to create Liberty Mutual Benefits several years ago. He then drove the creation of effective go-to-market strategies for the new organization. And now he will execute those strategies, building scale and driving our mutual success with our distribution partners.”

Prestileo joined Liberty Mutual in 2006 and held numerous positions across the company’s Commercial Insurance strategic business unit. Most recently, he served as vice president & managing director, Liberty Mutual Benefits, and was responsible for creating business strategies for the operation’s Employer and Individual segments.

Prestileo will be based in Boston.

More information on Liberty Mutual Benefits’ offerings for employers is available at https://business.libertymutualgroup.com/business-insurance/coverages/employee-benefits. Information on its individual life and annuity products can be seen at https://www.libertymutual.com/life-insurance.

About Liberty Mutual Insurance

Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.

In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified insurer with operations in 30 countries and economies around the world. We are the fifth largest property and casualty insurer in the U.S. based on 2015 direct written premium data as reported by the National Association of Insurance Commissioners. We also rank 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue. As of December 31, 2015, Liberty Mutual had $121.7 billion in consolidated assets, $102.5 billion in consolidated liabilities, and $37.6 billion in annual consolidated revenue.

Liberty employs more than 50,000 people in over 800 offices throughout the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.

You can learn more about us by visiting www.libertymutualinsurance.com.

Contacts

Liberty Mutual Insurance
Richard Angevine, 617-574-6638
richard.angevine@libertymutual.com

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Release Summary

LIBERTY MUTUAL INSURANCE APPOINTS MICHAEL PRESTILEO SENIOR VICE PRESIDENT & GENERAL MANAGER, LIBERTY MUTUAL BENEFITS DISTRIBUTION

Liberty Mutual Insurance