Bishop Street completes acquisition of MGA Landmark Underwriting

Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, has completed its acquisition of Landmark Underwriting, a specialty managing general agent (MGA) in the London insurance market.

The deal, first announced in November 2024, marks Bishop Street’s first expansion beyond North America, further strengthening the capabilities of its platform with Landmark’s specialised expertise.

Landmark’s leadership team will remain in place, with Sitki Gelmen as Group CEO, David Ratledge as Group MD, and Deepti Janak as Group CFO, ensuring a smooth transition and aligning their vision with Bishop Street’s growth of the platform across the UK, Europe, and Asia Pacific.

Since 2017, Landmark has served clients in the specialty re/insurance market, providing tailored insurance solutions across various classes including Professional Indemnity, Property, Directors and Officers, and General Liability.

With the acquisition complete, Landmark plans to build on its established market presence and recent expansions into Marine and Political Risk while exploring new lines and geographies.

Chad Levine, CEO of Bishop Street, said, “We’re thrilled to officially welcome Landmark Underwriting to the Bishop Street family.”

He continued, “We look forward to leveraging the team’s experience and strong industry relationships to enable the next chapter of international development for our platform. Landmark’s ability to adapt to client needs and attract the best underwriting talent will continue to fuel its growth, positioning the company as a leading MGA of choice in the global market and a complementary fit for the Bishop Street portfolio.”

Sitki Gelmen, Landmark Underwriting Group CEO and Co-Founder, said, “This is an exciting next phase for Landmark. We are focused on bringing specialty underwriting solutions to our partners, and through this partnership, we will amplify our ability to provide leading risk solutions to top broking houses worldwide. The combination of Bishop Street’s resources and our niche expertise will allow us to accelerate growth, expand our product offerings into complementary lines of business and deepen our presence in key markets.”

Mike Zabik, Partner of RedBird Capital, added, “Bishop Street’s growth strategy is predicated on leveraging a multi-jurisdictional footprint. Landmark’s strong presence in London and its expanding global presence are key levers for future growth, both organically and through strategic acquisitions across key international markets.”

This acquisition follows Bishop Street’s recent strategic moves, including acquiring Ethos Specialty’s Transactional Liability unit and Conifer Insurance Services last year, along with a strategic equity investment in Verve Services in September 2024.

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