News

NEW YORK and GREENSBORO, N.C., March 27, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced a joint venture with Topsail Reinsurance SPC, Ltd. (“Topsail Re”), a market leading, privately held reinsurer. Topsail Re will be co-investing into Bishop Street which will drive strategic value for Managing General Agents (“MGAs”) and Program Administrators within the Bishop Street ecosystem, by providing preferred capacity and access to Topsail Re’s proven track record of supporting MGAs and programs, including underwriting and administrative expertise. The investment will further assist with fostering new primary, fronting, and reinsurance carrier relationships for existing program expansion, new product and program launches, and underwriting team lift-outs.