Hallmark Financial Divests Aerospace Insurance Managers to Bishop Street Underwriters

Deal News | Jul 01, 2025 | Olshan Frome Wolosky LLP

Hallmark Financial Divests Aerospace Insurance Managers to Bishop Street Underwriters

Hallmark Financial Services has completed the sale of its subsidiary, Aerospace Insurance Managers, which provides general aviation insurance services across 47 states, to Bishop Street Underwriters. Bishop Street Underwriters is a portfolio company of RedBird Capital Partners. The transaction was facilitated by Olshan Frome Wolosky LLP, with the legal team led by corporate partner Michael Neidell and including experts from various legal specialties such as tax, employment practices, intellectual property, and branding.

Sectors

  • Insurance
  • Legal Services
  • Private Equity
  • Aerospace

Geography

  • United States – The transaction involves Aerospace Insurance Managers, which operates across 47 states in the U.S., and includes companies headquartered in the U.S.

Industry

  • Insurance – The industry is relevant because Aerospace Insurance Managers is a provider of general aviation insurance services.
  • Legal Services – Olshan Frome Wolosky LLP, a law firm, facilitated the transaction, making legal services a relevant industry.
  • Private Equity – Bishop Street Underwriters is a portfolio company of RedBird Capital Partners, a private equity firm.
  • Aerospace – The transaction involves Aerospace Insurance Managers, a company in the aerospace sector providing aviation insurance.

Financials

    Participants

    NameRoleTypeDescription
    Hallmark Financial ServicesSelling CompanyCompanyHallmark Financial Services is a diversified specialty property/casualty insurer serving businesses and individuals.
    Aerospace Insurance ManagersTarget CompanyCompanyAerospace Insurance Managers is an aviation insurance services provider operating across the United States.
    Bishop Street UnderwritersBidding CompanyCompanyBishop Street Underwriters is a company focused on underwriting insurance services and is a portfolio company of RedBird Capital Partners.
    RedBird Capital PartnersPrivate EquityCompanyRedBird Capital Partners is a private equity firm that owns Bishop Street Underwriters.
    Olshan Frome Wolosky LLPLegal AdvisorCompanyOlshan Frome Wolosky is a law firm that represented Hallmark Financial Services in the sale transaction.