Redline Underwriting Unveils Property Facultative Reinsurance Solution for Latin America

Miami, FL, August 15, 2024 – Lloyd’s Coverholder Reinsurance Distribution Lines LLC, trading as Redline Underwriting, is proud to introduce a comprehensive property facultative reinsurance solution, enhancing its portfolio with robust backing entirely from Lloyd’s of London syndicates.

Under the leadership of Adriana Cisneros, Head of Underwriting, the new offering targets Commercial and Industrial Property risks across Mexico, Central, and South America, and the Caribbean. The initial line size is up to USD 5,000,000 and can be deployed on a Primary, Excess of Loss, or Proportional basis.

Adriana Cisneros describes the journey as a testament to the team's dedication: "This journey has been remarkable, characterized by intensive strategy sessions, remote and on-site collaborations, strategic discussions, and meticulous planning phases—with a dedication that extended into many late-night efforts. Reaching this milestone reflects the hard work of our team and highlights our dedication to fostering innovation for our reinsurance providers. This binding authority will establish our position as a player in the regional property market and will help to consolidate our growth. Lloyd’s reputation and strength in the reinsurance world is outstanding, and we are proud to partner with them."

Redline Underwriting remains fully committed to serving its brokers and carriers in the region with the launch of its Property Facultative solution, alongside its existing Terrorism and General Liability offerings—all backed by A+ rated Lloyd's capacity. The company’s mission is to provide tailored solutions and exceptional service through an unwavering commitment to technology and strong partnerships. Looking ahead, Redline is poised to expand into additional specialty lines in the coming months, further enhancing its ability to meet the diverse needs of its clients.

The company extends its deepest gratitude to its capacity providers, London broker Mike Richardson, technology partners at Federato, Lloyd’s representative Yelhis Hernandez, the team at RMS, and everyone else who played a vital role in making this achievement possible.

For more information, please contact:
Juan Salazar, Managing Director
juan.salazar@redlineuw.com or call +1 (321) 429-7074