Bishop Street Underwriters Acquires Conifer Insurance Services
Acquisition is Bishop Street’s First Entry into the Commercial P&C MGA Market
NEW YORK and TROY, Mich., Sept. 05, 2024 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners (“RedBird”), today announced it has acquired Conifer Insurance Services (“Conifer” or “CIS”), a specialty commercial managing general agency (“MGA”) from Conifer Holdings, Inc. (Nasdaq: CNFR). The acquisition of Conifer marks Bishop Street’s entry into commercial lines, expanding its multiline, differentiated MGA platform.
Conifer operates a portfolio of three programs across several specialty lines of business, including main street small and medium sized enterprises (SMEs), hospitality and auto dealers. Conifer’s existing infrastructure presents a significant growth opportunity...