Redline launches new property reinsurance solution for Latin America and the Caribbean
Redline launches new property reinsurance solution for Latin America and the Caribbean | Insurance Business New Zealand
Reinsurance
Redline launches new property reinsurance solution for Latin America and the Caribbean
The product offers up to $5 million in coverage
Reinsurance
By
Kenneth Araullo
Redline Underwriting has announced the launch of a new property facultative reinsurance solution, targeting commercial and industrial risks in Mexico, Central and South America, and the Caribbean.
According to the company, this product introduction is part of Redline’s broader strategy to address the increasing demand for reinsurance in these regions.
The new reinsurance solution is designed to cover commercial and industrial properties with the capacity to provide up to $5 million in coverage. It can be utilized on a primary, excess of loss, or proportional basis, offering flexibility to brokers and clients in managing varying levels of risk and exposure.
Redline said that this product enhances its existing portfolio, bolstering the company’s presence in the property insurance sector, and reinforcing its position as a key player in the region. The product is supported by Lloyd’s capacity, providing reliability and security for clients.
Redline specializes in creating tailored risk solutions, with a portfolio that includes insurance products such as terrorism and general liability insurance, all backed by Lloyd’s A+ rating.
Adriana Cisneros (pictured above), head of underwriting at Redline Underwriting, reflected on the development process of the new solution. She highlighted the extensive strategic discussions, planning phases, and collaborative efforts that led to this launch.
Cisneros also noted that the binding authority will establish Redline as a significant player in the regional property market and contribute to the company’s growth. She further emphasized the importance of the partnership with Lloyd’s, acknowledging its strong reputation in the reinsurance sector.
Looking ahead, Redline also said that it plans to expand into additional specialty lines in the coming months.
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