Bishop Street Underwriters, a RedBird Capital Portfolio Company, Announces Joint Venture with Topsail Re
NEW YORK and GREENSBORO, N.C., March 27, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced a joint venture with Topsail Reinsurance SPC, Ltd. (“Topsail Re”), a market leading, privately held reinsurer.
- NEW YORK and GREENSBORO, N.C., March 27, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced a joint venture with Topsail Reinsurance SPC, Ltd. (“Topsail Re”), a market leading, privately held reinsurer.
- Bishop Street is a value-additive acquirer and program incubator, marrying established businesses’ brand equity with best-in-class capabilities, capital, and resources to build a powerful growth platform.
- The Topsail Re partnership will enable day-one strategic value to prospective Bishop Street acquisitions, as well as long-term value for Bishop Street and its acquired platforms for tuck-ins, new program launches, and team lift-outs,” said Mike Zabik, Partner of RedBird Capital Partners.
- In addition to the creation of the joint venture, Topsail Re CEO David Johnson and Chief Strategy Officer & Executive Vice President Christopher Miller will join the Bishop Street Board of Directors, and Tom Gubash, Managing Director of Topsail Capital Partners, will join as a Board Observer.