Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has announced the acquisition of the Transactional Liability unit from Ethos Specialty.
This deal is aimed at bolstering Bishop Street’s platform and enhancing its range of specialised client solutions, with a focus on driving underwriting profitability.
The financial details of the transaction have not been disclosed.
Ethos Transactional specialises in managing risks associated with transactions, providing a variety of solutions such as representations and warranties (R&W) and tax insurance.
The acquisition will furnish Ethos Transactional with new resources, enabling investments in operations and technology. These enhancements are expected to lead to increased efficiency and improved service quality for clients. The Ethos team will remain unchanged, preserving the standard of service and existing relationships with brokers and clients.
Most of Ethos’ existing capacity providers are set to continue their association with the company.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataBishop Street CEO Chad Levine said: “We are thrilled to add Ethos Transactional to the Bishop Street platform, now ten lines of business and more than $300m of premium, furthering our commitment to partnering with the best insurance operators in the business.
“The Ethos Transactional team shares our commitment to superior underwriting results, value of top-of-the-market relationships and focus on data-driven decision-making. We look forward to welcoming the team onboard and leveraging its bench of expertise to pursue growth in this space.”
RedBird Capital Partners is the parent company of Bishop Street, a private investment firm focused on providing capital solutions to high-growth companies and managing assets worth $5bn.
Launched in 2023, Bishop Street Underwriters aims for partnerships with managing general agents and underwriting teams to further its growth and service offerings in the insurance sector.
Earlier in March, Bishop Street announced the acquisition of Conifer Insurance Services.