Redline Underwriting Achieves Lloyd's Coverholder Status
MIAMI, FL – September 15, 2023:
Redline Underwriting Achieves Lloyd's Coverholder Status, strengthening facultative reinsurance solutions for Latin America.
Redline Underwriting, legally known as Reinsurance Distribution Lines LLC, is proud to announce its distinguished status as a Lloyd's Coverholder. This milestone accentuates the firm's strategic commitment to providing top-tier facultative reinsurance solutions tailored for the Latin American market.
Redline Underwriting is headquartered in Brickell Miami with presence in Mexico City, making it ideally positioned to serve Latin America. The company's rapid growth has been marked by establishing key partnerships with several Lloyd's syndicates. The firm now operates and underwrites in multiple classes of business, including General Liability, Political Violence, and is soon expanding into areas such as Property and Aviation.
By integrating the strength and reach of the Lloyd's market, Redline Underwriting is ushering in enhanced distribution strategies through its broker network and cedant partners, paired with innovative digital tools. This evolution is set to bring London's market closer to local businesses and solidify Redline's vision to revolutionize the region's reinsurance landscape.
Redline's focus on "Underwriting the right way" has been key to its success. The firm offers a unique proposition to the market through exclusive distribution capabilities, a seasoned and disciplined underwriting team, and an unwavering commitment to innovation. The integration of advanced technology in underwriting processes and digital distribution solutions continues to change the way reinsurance capacity is delivered.
"We are deeply honored to join the Lloyd's community by becoming a Coverholder. Our focus has always been on providing unique distribution solutions to the Lloyd's market, amplifying value through innovation, and our robust ties with the Latin American region. This significant achievement not only sets us apart but fortifies our MGA's foundational strategy," said Juan Salazar, Managing Director of Redline Underwriting.
Redline's journey towards this milestone has been shaped by notable collaborations, including with local Lloyd's representative Yelhis Hernandez and delegated authority teams, our partner syndicates, and Lloyd’s brokers. These partnerships have unlocked vast potential and synergies that have helped Redline Underwriting become a Coverholder.
Looking forward, Redline is committed on further expansion poised to diversify by rolling out more lines of business, with the ultimate goal of transforming into a full multi-line MGA. The aim is clear: to provide clients and capacity providers with a comprehensive 'one-stop-shop' solution, continuing to redefine and elevate the standards of reinsurance underwriting.
For more information, please contact
Juan Salazar, Managing Director
juan.salazar@redlineuw.com or call +1 (321) 429-7074
