Avid Insurance, the London-based managing general agent founded in 2006, has been picked up by Bishop Street Underwriters, part of the RedBird Capital Partners portfolio.
The deal closed Oct. 3 after full regulatory sign-off, though no numbers hit the public record.
Avid operates across construction, social housing, and leasehold markets—areas that tend to get overlooked by bigger carriers. It also plays in equine, motorsport, gadget, student contents, and travel cover.
Offices in Leeds and Hornchurch back its London hub. The firm leans hard on data collection and analytics to shape highly specific underwriting.
This isn’t Bishop Street’s first push into Britain this year. The company already moved on Landmark Underwriting, Conifer Insurance Services, Verve Services, Ahoy!, and Ethos Specialty’s transactional liability unit.
Earlier, it grabbed Aerospace Insurance Managers from Hallmark Financial to enter aviation risk.
RedBird partner Mike Zabik said the Bishop Street playbook calls for global reach with local depth. Expanding in the U.K. was always on the table, and Avid gives them fresh ground plus a direct line into specialty niches.
Developing Bishop Street’s global footprint is a key priority for the firm as it executes on its growth strategy.
Mike Zabik, partner at RedBird Capital
“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.”
The buy adds another tile to Bishop Street’s broader expansion puzzle. Second one in Britain this year, but probably not the last if their pace holds.
