Operating under the legal entity Reinsurance Distribution Lines LLC, Redline Underwriting is headquartered in Miami and extends its presence to Mexico City, strategically positioning itself to serve the Latin American market. The company’s impressive growth trajectory is underscored by its establishment of significant partnerships with various Lloyd’s syndicates.
Presently, the MGA conducts underwriting operations across a diverse spectrum of business classes, encompassing General Liability and Political Violence, with plans for further expansion into sectors like Property and Aviation in the near future.
In a statement issued by Redline, a spokesperson said: “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 revolutionise the region’s reinsurance landscape.”
According to reports, Redline is firmly dedicated to its future expansion and diversification strategy, with the primary objective of evolving into a comprehensive, multi-line Managing General Agent (MGA).
Redline’s progress towards achieving this significant milestone has been influenced by collaborative efforts with key stakeholders, including Lloyd’s local representative Yelhis Hernandez, delegated authority teams, partner syndicates, and Lloyd’s brokers.
Juan Salazar, Managing Director of Redline Underwriting, explained: “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.”
He added: “This significant achievement not only sets us apart but fortifies our MGA’s foundational strategy.”
