BERMUDA – November 21, 2023 – Redline Underwriting, a Lloyd’s coverholder specialty underwriting firm, has entered into a long-term agreement with Moody’s RMS®, the leading risk modeling and solutions company, to adopt the Risk Modeler™ application available on the Moody’s RMS Intelligent Risk Platform™ (IRP).
The use of Risk Modeler will allow Redline to have more streamlined processes, creating a workflow from account underwriting all the way through to portfolio management, aggregation, and reinsurance cat treaty analysis. Moody’s RMS will work closely with Redline to help onboard the platform and application and to train their team on implementing the application in-house.
The agreement will also allow Redline to continue to expand in the Latin American market as well as invest in new locations, making the arrangement a true strategic partnership.
Adriana Cisneros, Head of Underwriting at Redline, said: “This represents a significant step for Redline as a startup MGA. Engaging in a cat modeling capability at such an early stage underscores our unwavering commitment to offering the best underwriting platform to our capacity providers. Implementing the IRP will improve our understanding of underwriting criteria for placing profitable business and end-to-end workflow for account-level metrics. It will also allow us to set up successful streamlined processes for managing accumulation and portfolio management.”
Mike Richitelli, Global Head of Sales, Moody’s RMS, said: “Redline’s careful management of their portfolio by analyzing risk profiles in depth, will be further optimized using Risk Modeler on the Intelligent Risk Platform. This application will further enhance their market knowledge and their closeness to partners as we work to provide them with valuable insights that align with their underwriting goals. We look forward to working with them to further drive their underwriting excellence across the Latin American region.”