New platform will build specialised facultative reinsurance programs for the Latin American insurance market
ALPHARETTA, GA., March 30, 2025 – MISSION Underwriters, the global MGA incubator, today announced the launch of MISSION’s Latin America platform, focused on building specialised facultative reinsurance programs and expanding the company’s presence across key markets in the region. Alejandro Pedroza has joined the company as President, Latin America, in this newly created role.
Operating from Miami, MISSION will partner with experienced underwriters to identify niche opportunities across the region to develop specialised facultative reinsurance programs focused on Latin American risks, initially targeting property, financial lines, and specialty segments.
“We are excited to bring MISSION’s experience in building start-up, de novo insurance programs to the Latin America market,” said Jim Dwane, CEO of MISSION US. “I’m thrilled to be reunited with my former colleague Alejandro Pedroza. Together, we are focused on bringing quality underwriting and risk analysis to the market paired with top-rated capacity, building on MISSION’s success in the U.S.”
Mr. Pedroza joins with more than 20 years of reinsurance experience across Latin America, most recently serving as the CEO of a reinsurance brokerage with operations in the region. Prior to that, he served as CEO of AIG Ecuador and held senior regional leadership roles at AIG, including Regional Counsel for Latin America, COO of AIG Brazil and Andean Zone Leader.
“MISSION is in a strong position to provide significant value to the LATAM insurance market,” said Mr. Pedroza. “I am thrilled to join the team and expand MISSION’s goal of empowering world-class underwriting talent to build businesses.”
This expansion marks another step in MISSION’s growth. In 2025, the company finished with over $700M in gross written premium (GWP) after launching five new programs in the marketplace.
About Mission
Backed by Accelerant, the data-driven risk exchange, Mission is a specialist MGA incubator building high-quality insurance businesses around experienced underwriting talent. Established in the US in 2021, Mission currently supports a portfolio of more than 30 MGAs in the UK and US, providing long-term capacity alongside the operational, financial, technological, regulatory and marketing support required to build and scale specialist insurance businesses. www.missionunderwriters.co.uk
