MISSION Underwriters Steps into Latin America with New Leadership and Strategic Launch

MISSION Underwriters Expands into Latin America

MISSION Underwriters, known for its innovative approach as a technology-centered program administrator, has officially launched its Latin America (LATAM) platform. This strategic move, aimed at developing specialized facultative reinsurance programs tailored to the Latin American markets, is poised to enhance the company's foothold in this dynamic region.

New Leadership to Drive Growth

Appointed as President of Latin America, Alejandro Pedroza brings over 20 years of extensive experience in the reinsurance sector. His previous leadership roles include serving as CEO of AIG Ecuador, as well as various senior positions at AIG across Latin America. Pedroza's deep understanding of regional markets will be instrumental in identifying unique opportunities and challenges in the multifaceted landscape of Latin American insurance.

“Bringing MISSION’s expertise in creating successful insurance programs to Latin America is an exciting opportunity,” said Jim Dwane, CEO of MISSION US. “I am eager to align with Alejandro once again to leverage our combined strengths and drive quality underwriting and risk analysis.”

Focus on Specialized Reinsurance Programs

Based in Miami, the newly established MISSION LATAM will focus on identifying niche markets for facultative reinsurance services in areas such as property insurance, financial lines, and specialty segments. This focus is essential as it seeks to tailor offerings that specifically address the demands and nuances of the Latin American insurance marketplace.

“MISSION is excellently positioned to deliver value to the LATAM insurance market. I am excited to be part of a team that empowers top-tier underwriting talent to create innovative solutions,” Pedroza remarked.

With its launch, MISSION LATAM continues the company's growth trajectory. In 2025, MISSION reported a remarkable $700 million in gross written premiums (GWP), propelled by the successful launch of multiple new insurance programs in the U.S. market.

Long-term Strategy and Commitment

As MISSION advances in the Latin American landscape, it is committed to establishing lasting partnerships with seasoned underwriters in the region to foster growth and resilience. The company aims to build on its established reputation by delivering exceptional reinsurance products and services that meet the evolving needs of clients in LATAM.

As the company prepares to invest further in building its presence, interested parties and stakeholders can reach out for further insights and to explore collaborative opportunities.

For those wanting to stay informed about MISSION Underwriters and its initiatives in Latin America, please reach out at [email protected].

In summary, MISSION Underwriters is poised to make significant inroads into the Latin American insurance market under Pedroza's capable leadership, promising tailored solutions and a commitment to enriching the insurance experience in the region.