Bishop Street Underwriters Acquires Ethos Specialty's Transactional Liability Unit

Bishop Street Underwriters, a portfolio company of RedBird Capital Partners, has acquired Ethos Specialty's Transactional Liability unit to enhance its expanding platform. Ethos provides risk management solutions related to transactions, including Representations and Warranties and Tax insurance. The acquisition aims to bolster Bishop Street's specialized client solutions and underwriting profitability while maintaining the integrity and service level of Ethos's existing operations. The transaction will also facilitate operational and technological investments in Ethos, leading to improved efficiency and service quality. The acquisition is part of Bishop Street's broader strategy of assembling high-caliber insurance providers under one platform, with significant growth opportunities envisaged. Despite the acquisition, financial details remain undisclosed. This development continues Bishop Street’s focus on building a multi-boutique platform in the specialty property and casualty markets. The addition of Ethos follows several other strategic investments and partnerships that demonstrate Bishop Street's commitment to best-in-class insurance operating models.