Managing General Agent, Redline Underwriting, has been approved as a Lloyd’s coverholder as it continues expanding its operations.
Redline Underwriting, legally known as Reinsurance Distribution Lines LLC, is based in Miami with presence in Mexico City, which makes it ideally positioned to serve Latin America, the company claims.
Its rapid growth has been marked by establishing key partnerships with several Lloyd’s syndicates. The MGA 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,” said a Redline spokesperson.
Adding: “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 is committed to further expansion and diversification by rolling out more lines of business, as its ultimate goal is to transform into a full multi-line MGA.
Juan Salazar, Managing Director of Redline Underwriting, commented: “We are deeply honoured 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.”
Redline’s journey towards this milestone has been shaped by collaborations with local Lloyd’s representative, Yelhis Hernandez, and delegated authority teams. As well as Redline’s partner syndicates, and Lloyd’s brokers.
