Capital Bay Underwriting joins MISSION Latin America as first program partner. Provided by PR Newswire Jul 14, 2026, 8:00:00 AM Capital Bay Underwriting joins MISSION Latin America as first program partner PR Newswire ALPHARETTA, Ga., July 14, 2026. ALPHARETTA, Ga., July 14, 2026 /PRNewswire/ - Specialty insurance program administrator MISSION today announced that Capital Bay Underwriting, a Miami-based MGU, will be joining MISSION Latin America as the platform's first program. Capital Bay provides financial lines facultative reinsurance solutions for private and public companies in Latin America and the Caribbean. Since 2018, the company has underwritten a wide range of risks across 27 countries. Formerly part of Ryan Specialty, Capital Bay will begin operating as a MISSION program effective immediately. Capital Bay will continue to be led by Pascal Alvarez alongside David Gonzalez, who will assume the role of Chief Executive Officer as part of a planned leadership transition. Mr. Alvarez will remain actively involved in the business, as Executive Chairman, supporting both its ongoing operations and strategic development. Each with decades of experience in financial lines, the pair has been leading in the Latin American insurance market for over twenty years. Now, their partnership with MISSION will build on Capital Bay's success in the region. "Pascal is a highly respected leader, and we look forward to working with him as we continue to expand the platform," said Jim Dwane, MISSION US CEO. "We're proud to welcome David and the Capital Bay team to the organization. Jim and I have worked with them over many years, and we're pleased to be partnering again as part of MISSION Latin America," said Alejandro Pedroza, President of MISSION Latin America. The team will remain based in Miami and continue to offer reinsurance solutions for a wide spectrum of financial institutions and commercial entities. "We're looking forward to joining the MISSION organization, and I am confident that their support and technology-focused approach will provide a seamless continuation of Capital Bay's current growth trajectory," said Pascal Alvarez. "MISSION is the right partner for our next stage of growth," said David Gonzalez. "With strong alignment in vision and ambition, we're excited to continue scaling our platform globally and build on the foundation we've created together." For additional information, please visit www.gomission.com/latam. About MISSION MISSION is a technology-driven program administrator empowering world-class talent to build specialty insurance programs. MISSION offers entrepreneurial underwriters the capacity, expertise and resources they need to quickly and successfully bring their insurance products to market. View original content to download multimedia:https://www.prnewswire.com/news-releases/capital-bay-underwriting-joins-mission-latin-america-as-first-program-partner-302824540.html SOURCE MISSION The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar. Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees. Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

MISSION Underwriters expands into Latin America and hires Alejandro Pedroza as President to launch MISSION LATAM. New platform will build specialized facultative reinsurance programs for the Latin American insurance market ALPHARETTA, Ga., March 30, 2026 /PRNewswire/ - MISSION Underwriters, a technology-driven program administrator, today announced the launch of MISSION's Latin America platform, focused on building specialized 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 specialized 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 US." 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. If you're interested in learning more about MISSION's expansion into Latin America, please contact [email protected]. About MISSION MISSION is a technology-driven program administrator empowering world-class talent to build specialty insurance programs. MISSION offers entrepreneurial underwriters the capacity, expertise and resources they need to quickly and successfully bring their insurance products to market. FONTE MISSION