Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, announced that it has acquired Avid Insurance (“Avid”), a niche multi-disciplined managing general agent (“MGA”) based in London. This acquisition marks Bishop Street’s second strategic business expansion in the U.K. this year, further developing the capabilities of its platform with a deeper footprint in a core growth market. The transaction closed on October 3, 2025, with all requisite regulatory approvals. Financial terms were not disclosed.
Founded in 2006, Avid delivers specialized insurance solutions for complex and underserved markets across sectors including construction, social housing and leasehold, with additional capabilities in equine, motor sport, gadget, student contents and travel insurance. Partnering with A-rated carriers and operating as a Lloyd’s coverholder, Avid takes a differentiated approach to underwriting, utilizing sophisticated data collection and analysis to support tailored underwriting and pricing across business lines. The firm is based in London, with additional teams in Leeds and Hornchurch.
The entire Avid team will benefit from the connectivity and scalability of Bishop Street’s platform, continuing to meet client needs with added capacity to invest in innovative technologies and new product offerings, such as AI-powered underwriting. In turn, the addition of Avid extends Bishop Street’s presence in the U.K., as the firm seeks to develop its reach across jurisdictions.
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“We are thrilled to be partnering with the Bishop Street team,” said Stephen Gibson, Chief Executive Officer of Avid Insurance. “Bishop Street’s platform gives us the support and scale necessary to deepen our market presence while preserving the core values that have set us apart. We view our partnership as the logical next step as we build the future of our business with an eye for growth and commitment to underwriting excellence.” The senior management team of Stephen Gibson, John Inwood, Director of Underwriting, and Jon Terry, Finance Director, will continue with the business in their current roles.
“We are pleased to welcome Stephen and the Avid team to the Bishop Street platform,” said Chad Levine, Chief Executive Officer of Bishop Street Underwriters. “Avid is an ideal partner for Bishop Street, with a wealth of specialist knowledge and proven track record of underwriting across a diverse range of sectors. The team’s multi-disciplinary expertise enhances our value proposition to clients with complementary offerings and supports our growth strategy.”
Mike Zabik, Partner at RedBird Capital Partners, said, “Developing Bishop Street’s global footprint is a key priority for the firm as it executes on its growth strategy. With this acquisition, Bishop Street builds on its existing presence in the U.K. to extend the firm’s offerings and create new pathways for future business opportunities.”
This acquisition marks the latest step in Bishop Street’s ongoing strategic expansion, following the acquisitions of Landmark Underwriting, Aerospace Insurance Managers, Ethos Specialty’s Transactional Liability unit, Conifer Insurance Services, Verve Services and Ahoy!.
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