Capital Bay Underwriting Partners with MISSION Latin America to Expand Insurance Offerings

Capital Bay Underwriting Joins MISSION Latin America

In an exciting development for the insurance industry, Capital Bay Underwriting, an MGU based in Miami, has partnered with MISSION to become the first program partner of MISSION Latin America. This strategic collaboration, announced on July 14, 2026, signifies a major step toward expanding reinsurance solutions in the region, particularly for private and public enterprises across Latin America and the Caribbean.

Capital Bay has a notable reputation for delivering innovative financial lines facultative reinsurance solutions. The firm has successfully operated across 27 countries since its inception in 2018, underwriting a diverse range of risks that cater to the unique needs of businesses in different sectors. The move to join MISSION comes as Capital Bay transitions from being a part of Ryan Specialty and is now set to leverage MISSION's resources and technological advancements to further enhance its offerings.

Leadership Transition and Strategic Goals

Under the leadership of Pascal Alvarez, who will now serve as Executive Chairman, and David Gonzalez, taking on the Chief Executive Officer role, Capital Bay aims to sustain its momentum in the competitive Latin American insurance market. The duo brings with them decades of experience in financial lines insurance, having established themselves as leading figures within the industry. Their goal is to build upon Capital Bay's achievements and expand its capabilities as part of the MISSION platform.

“I am thrilled to be joining the MISSION organization,” stated Pascal Alvarez. “With their support and tech-driven approach, we can ensure a smooth continuity of our growth trajectory.”

David Gonzalez expressed confidence in this partnership, stating, “MISSION is the ideal partner for our next growth phase. Our visions are strongly aligned, and we look forward to scaling our operations globally.”

A Collaborative Effort

Alejandro Pedroza, President of MISSION Latin America, emphasized the collaborative spirit of this new partnership. “We are excited to work with Pascal and David, both of whom we know well and have a history of productive engagement. Capital Bay’s addition to our portfolio will significantly enhance our reinsurance capabilities in Latin America.”

With both teams remaining based in Miami, the collaboration aims to continue providing top-tier reinsurance solutions to a wide variety of financial institutions and commercial enterprises throughout the region.

Looking Ahead

This partnership is poised to impact the insurance landscape in Latin America positively. The backing of MISSION's technology-driven resources will allow Capital Bay to offer enhanced services and support to its clients, helping them navigate the complexities of the insurance market in innovative ways. As both companies work together, they will not only bolster their market positions but also potentially redefine the standards for reinsurance solutions available in the region.

For ongoing updates and additional information about this partnership, visit www.gomission.com/latam.

In summary, Capital Bay Underwriting’s collaboration with MISSION marks a pivotal moment for reinsurance in Latin America. This new partnership promises growth, innovation, and a commitment to providing high-quality insurance solutions tailored to the diverse needs of businesses in the region.