US consolidator completes first UK deal with acquisition of London MGA

US consolidator Bishop Street Underwriters, which is part of RedBird Capital Partners, has completed its acquisition of London-based MGA Landmark Underwriting.

The deal, which was first announced in November 2024, marks Bishop Street’s first investment outside North America and forms part of its global expansion.

Landmark Underwriting has a portfolio that includes professional indemnity, property, directors and officers, general liability and marine.

Now part of Bishop Street, the firm will build upon on its current market presence, with expansion planned across new classes and geographies in due course.

“We’re thrilled to officially welcome Landmark Underwriting to the Bishop Street family,” said Chad Levine, chief executive at Bishop Street.

“We look forward to leveraging the team’s experience and strong industry relationships to enable the next chapter of international development for our platform.

“Landmark Underwriting’s ability to adapt to client needs and attract the best underwriting talent will continue to fuel its growth, positioning the company as a leading MGA of choice in the global market and a complementary fit for the Bishop Street portfolio.”

Leadership team

Landmark Underwriting was founded in 2017 and began trading after acquiring Greenwich Underwriting.

Its leadership team will remain intact, with Sitki Gelmen as group chief executive, David Ratledge as group managing director and Deepti Janak as group chief financial officer.

Gelmen said: “This is an exciting next phase for Landmark Underwriting.

“We are focused on bringing specialty underwriting solutions to our partners and through this partnership, we will amplify our ability to provide leading risk solutions to top broking houses worldwide.

“The combination of Bishop Street’s resources and our niche expertise will allow us to accelerate growth, expand our product offerings into complementary lines of business and deepen our presence in key markets.”