Press Releases & Articles
Bishop Street Underwriters Makes Strategic Equity Investment into Verve Services
September 26, 2024
NEW YORK and WEST PALM BEACH, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners (“RedBird”), today announced it has made a strategic equity investment in Verve Services, LLC (“Verve”), a leading, full-service auto insurance managing general agency (“MGA”). This partnership marks Bishop Street’s entry into Specialty Private Passenger Auto. Through this equity investment, Verve is positioned for continued innovation and accelerated growth in the auto insurance industry.
Bishop Street Underwriters Acquires Conifer Insurance Services
September 5, 2024
NEW YORK and TROY, Mich., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners (“RedBird”), today announced it has acquired Conifer Insurance Services (“Conifer” or “CIS”), a specialty commercial managing general agency (“MGA”) from Conifer Holdings, Inc. (Nasdaq: CNFR). The acquisition of Conifer marks Bishop Street’s entry into commercial lines, expanding its multiline, differentiated MGA platform.
Bishop Street Underwriters Announces Joint Venture with Skyward Specialty Insurance
NEW YORK and HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners (“RedBird”), today announced a strategic joint venture with Skyward Specialty Insurance Group, Inc.™ (Nasdaq: SKWD) ("Skyward Specialty"), a leader in the specialty property and casualty (P&C) market.
Bishop Street Underwriters, a RedBird Capital Portfolio Company, Announces Joint Venture with Topsail Re
March 27, 2024
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.