RedBird Capital-backed Bishop Street Underwriters completed the acquisition of Avid Insurance.

RedBird Capital-backed Bishop Street Underwriters, a multi-boutique insurance platform, completed the acquisition of Avid Insurance, a niche multi-disciplined managing general agent. Financial terms were not disclosed. This acquisition marks Bishop Street’s second strategic business expansion in the UK this year, further developing the capabilities of its platform with a deeper footprint in a core growth market.