’The platform gives us the support and scale necessary to deepen our market presence while preserving the core values that have set us apart,’ says chief executive
US consolidator Bishop Street Underwriters, which is part of RedBird Capital Partners, has acquired London-based MGA Avid Insurance.
Founded in 2006, Avid delivers specialised insurance propositions for complex and underserved markets across sectors including construction, social housing and leasehold, with additional capabilities in equine, motorsport, gadget, student contents and travel insurance.
The transaction closed on 3 October 2025. Financial terms were not disclosed.
”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 artificial intelligence (AI)-powered underwriting,” a statement said.
As part of the deal, the senior management team of chief executive Stephen Gibson, John Inwood, director of underwriting, and Jon Terry, finance director, will continue with the business in their current roles.
Gibson said: “We are thrilled to be partnering with the Bishop Street team.
“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.”
Expansion
This acquisition marks Bishop Street’s second strategic deal in the UK this year, with it having acquired Landmark Underwriting in February.
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The consolidator is looking to expand its presence in the UK, with it aiming to develop its reach across jurisdictions.
Chad Levine, chief executive at Bishop Street, said: “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 multidisciplinary expertise enhances our value proposition to clients with complementary offerings and supports our growth strategy.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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