Redline Underwriting has announced the launch of a new facultative property reinsurance solution targeting commercial and industrial risks in Mexico, Central and South America and the Caribbean.

According to the company, the launch of this product is part of Redline’s broader strategy to meet the growing demand for reinsurance in these regions.

The new reinsurance solution is designed to cover commercial and industrial property with the capacity to provide coverage up to $5 million. It can be used on a primary, excess-of-loss or proportional basis, providing brokers and clients with flexibility to manage varying levels of risk and exposure.

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Redline said the product enhances its existing portfolio, strengthens the company’s presence in the property insurance sector, and reinforces its position as a major player in the region. The product supports Lloyd’s capabilities, providing reliability and security to customers.

Redline specialises in creating tailored risk solutions, with a portfolio that includes insurance products such as terrorism insurance and public liability insurance, all backed by Lloyd’s A+ rating.

Adriana Cisneros (pictured above), Head of Underwriting at Redline Underwriting, spoke about the development process of the new solution. She highlighted the extensive strategic discussions, planning stages and collaborative efforts that led to the launch of this solution.

Cisneros also noted that the binding authority will establish Redline as a significant player in the regional real estate market and will contribute to the company’s growth. She also stressed the importance of the partnership with Lloyd’s, recognizing its strong reputation in the reinsurance sector.

Redline is also looking to expand into additional specialty lines in the coming months.

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