Houlihan Lokey Advises Bishop Street Underwriters on Its Acquisition of Avid Insurance

Houlihan Lokey is pleased to announce that Bishop Street Underwriters (Bishop Street), a portfolio company of Redbird Capital Partners, has acquired Avid Insurance (Avid), a niche multidisciplined managing general agent (MGA) based in London.

Bishop Street partners with MGAs as well as niche underwriting teams, growing a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry.

Founded in 2006, Avid is an established U.K.-focused MGA that delivers specialised insurance solutions for complex and underserved markets across sectors, including construction, social housing, and leasehold, with additional capabilities in equine, motor sport, gadget, student contents, and travel insurance. Partnering with A-rated carriers and operating as a Lloyd’s coverholder, Avid takes a differentiated approach to underwriting, utilising sophisticated data collection and analysis to support tailored underwriting and pricing across business lines. The firm is based in London, with additional teams in Leeds and Hornchurch.

Bishop Street’s acquisition will enable Avid to benefit from the connectivity and scalability of Bishop Street’s platform, continuing to meet client needs with added capacity to invest in innovative technologies and new product offerings, such as AI-powered underwriting. In turn, the addition of Avid extends Bishop Street’s presence in the U.K., as the firm seeks to develop its reach across jurisdictions.

Houlihan Lokey served as the exclusive financial advisor to Bishop Street. This is Bishop Street’s second U.K. acquisition, following its acquisition of Landmark Underwriting in February 2025, which Houlihan Lokey also advised on. This transaction further strengthens Houlihan Lokey’s leadership in the European insurance brokerage and MGA sector and in cross-border strategic transactions.

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