Business
Bishop Street Underwriters Announces Strategic Investment by White Mountains
Strategic Investment to Support and Accelerate GrowthNEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has completed a strategic structured capital investment of $125 million by White Mountains Insurance Group, Ltd. (“White Mountains”) (NYSE: WTM). "We are thrilled to welcome White Mountains as a strategic growth partner during a period of unprecedented momentum,” said Chad Levine, Chief
About this update from White Mountains Insurance Group, Ltd.
[{"type":"image","alt":"Bishop Street Underwriters","displaySize":"","headline":null,"caption":"Bishop Street Underwriters","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":92,"url":"https://media.zenfs.com/en/globenewswire.com/180df8170050a34313bc9c65fe6fa2e0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/9GNq11m1UA8nqskqTpt2gQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/180df8170050a34313bc9c65fe6fa2e0","width":300,"height":92}},"lazy":false},{"type":"text","content":"Strategic Investment to Support and Accelerate Growth","length":53,"tagName":"p"},{"type":"text","content":"NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has completed a strategic structured capital investment of $125 million by White Mountains Insurance Group, Ltd. (“White Mountains”) (NYSE: WTM).","length":305,"tagName":"p"},{"type":"text","content":""We are thrilled to welcome White Mountains as a strategic growth partner during a period of unprecedented momentum,” said Chad Levine, Chief Executive Officer of Bishop Street Underwriters. “Bishop Street’s 2025 performance - surpassing $650 million in gross written premium and industry leading organic growth while maintaining a stellar sub-50 percent portfolio loss ratio - validates our commitment to backing elite underwriters, pursuing accretive acquisitions and launching de novo programs. With the addition of White Mountains as a strategic partner, we will look to accelerate our strategy and cement our global footprint in 2026."","length":650,"tagName":"p"},{"type":"text","content":"Chad Weber, President of Bishop Street Underwriters, added "White Mountains brings a formidable history of scaling successful MGAs, a deep-seated knowledge of the MGA landscape and an understanding of the intricacies of our industry. We are excited to welcome their expertise to our boardroom and leverage their capabilities and connectivity to unlock new opportunities for the platform and our operating partners."","length":425,"tagName":"p"},{"type":"text","content":"Liam Caffrey, Chief Executive Officer of White Mountains, said, “Bishop Street is quickly emerging as an industry-leading MGA platform. This is a talented executive team wi...