Bishop Street Underwriters acquires London-based MGA Avid

Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Avid Insurance, a niche multi-disciplined managing general agent (MGA) based in London.

This acquisition, closed on October 3, 2025, with all requisite regulatory approvals, 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!.

Founded in 2006, Avid provides specialist insurance solutions for “complex and underserved” markets across sectors such as construction, social housing, and leasehold.

The company also offers products in equine, motorsport, gadget, student contents, and travel insurance.

Headquartered in London, Avid has additional teams based in Leeds and Hornchurch.

According to Bishop Street, Avid’s integration will allow the entire team to benefit from the connectivity and scalability of its extensive platform, enhancing the firm’s ability to meet client needs while investing in innovative technologies and new product offerings — including AI-powered underwriting.

The acquisition also strengthens Bishop Street’s presence in the U.K. as it continues to expand its reach across multiple jurisdictions.

Avid’s senior management team, comprising Stephen Gibson (CEO), John Inwood (Director of Underwriting), and Jon Terry (Finance Director), will continue to lead the business in their existing roles.

Stephen Gibson, Chief Executive Officer of Avid Insurance, commented, “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.”

Chad Levine, Chief Executive Officer of Bishop Street Underwriters, said, “We are pleased to welcome Stephen and the Avid team to the Bishop Street platform.

“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, noted, “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.”