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Stock impact report

Bishop Street Underwriters, Announces Joint Venture with Skyward Specialty Insurance

Skyward Specialty Insurance Group, Inc. (SKWD) 
Company Research Source: GlobeNewswire
NEW YORK and HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners (“RedBird”), today announced a strategic joint venture with Skyward Specialty Insurance Group, Inc.™ (Nasdaq: SKWD) ("Skyward Specialty"), a leader in the specialty property and casualty (P&C) market. Bishop Street is a value-additive acquirer and program incubator, marrying an MGA’s established brand equity with best-in-class capabilities, capital, and resources to build a powerful growth platform. With several deals completed and several more expected to close this year, Bishop Street is partnering with entrepreneurs, operators, and underwriters across specialty P&C markets. The joint venture will accelerate Bishop Street’s ability to strengthen MGAs and support existing program expansion, new product and program launches, and underwriting team lift-outs with preferred Admitted and E&S capacity. Bishop Show less Read more
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