Concise answers to the questions we most frequently receive from brokers, principals, and private bankers about our lines and operational process.
Meridiano Re is domiciled in the Dominican Republic and issues coverage for Latin American principals whose risks require placement outside their home jurisdiction. We mainly serve Venezuela, Colombia, the Caribbean Basin, and the Andean region, through direct policies from Santo Domingo or fronting structures with locally-admitted carriers.
The main reasons are settlement in stable currencies, access to global correspondent banking for premium and claims payments, and availability of capacity for risks the local market cannot adequately absorb. The Dominican Republic offers regulatory stability, a clear legal framework, and operational proximity to the Latin American market.
Three lines: Surety (bid, performance, advance payment, customs), Trade Risk (single and multi-buyer trade credit, contract frustration, selective sovereign risk), and Cyber (first and third-party coverage, business interruption, incident response).
A bond issued from the Dominican Republic offers additional capacity when the local market is insufficient, settlement in stable currencies, and institutional backing for obligations whose beneficiaries are outside the principal's home country. Acceptance depends on the specific obligee's requirements; in many cases it can be combined with local paper through fronting.
We do not underwrite personal lines (auto, home, individual life), health insurance, or traditional property and casualty lines. We specialize exclusively in surety, trade risk, and cyber for clients with corporate or high-net-worth profile and cross-border operations.
We distribute exclusively through qualified insurance brokers and private bankers. We do not handle direct inquiries from principals. This preserves the quality of risk analysis and ensures every client has independent professional advice.
Non-binding indication is delivered within the next business day after submission. Formal underwriting takes five to fifteen business days depending on risk complexity and information availability. Issuance occurs within 48 business hours after term and premium confirmation.
Basic principal data (legal name, country, industry, years of operation, revenues), the type and amount of coverage requested, term, and description of the underlying risk. For trade risk, buyer information is required. For cyber, basic technology profile. Formal due diligence follows a positive indication.
The first step is to register the brokerage through the form on our Brokers page or by email to suscripcion@meridianore.com. We confirm the broker's regulatory credentials and, once approved, the broker is enabled to submit risks. The complete onboarding process typically takes between three and ten business days.
Yes. We operate in Spanish and English. Policies can be issued in either language depending on client preference and beneficiary requirements. Bilingual documentation is available when the operation warrants it.
We underwrite medium and large capacity risks, adjustable to the specific line. For surety, up to structural limits approved by our reinsurance panel. For trade risk, typical coverage up to 90% of risk value. For cyber, sublimits tailored to the client's profile.
Yes. In addition to direct underwriting, we offer reinsurance capacity and fronting structures for admitted carriers in jurisdictions where the client requires local paper. This combines the local market's regulatory proximity with Meridiano Re's capacity and flexibility.
We operate primarily in U.S. dollars and other stable currencies. Premiums and claims are managed through established correspondent banking channels, with payments to any financial institution worldwide per the beneficiary's instructions.
We confirm receipt immediately and assign an adjuster in the region within 24 business hours. Communication is direct with the claims team. Investigation typically takes between two and ten days, followed by coverage determination between days ten and thirty after notice.
Meridiano Re is regulated by the Superintendencia de Seguros of the Dominican Republic, under the legal framework applicable to insurers and reinsurers domiciled in the country. It is a wholly-owned subsidiary of Janus Assurance Re.