Bermuda insurer invests in MGA consolidator
The owner of UK MGAs Avid and Landmark, Bishop Street Underwriters, has announced that it has completed a strategic structured capital investment of $125m (£93m) by White Mountains Insurance Group.
The RedBird Capital Partners portfolio company acquired Avid in October 2025 and Landmark in November 2024 as part of a global MGA acquisition strategy.
“We are thrilled to welcome White Mountains as a strategic growth partner during a period of unprecedented momentum,” said Chad Levine, CEO of Bishop Street Underwriters.
Bishop Street is quickly emerging as an industry-leading MGA platform. This is a talented executive team with a strong track record of scaling insurance distribution businesses
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