Bishop Street enters personal aviation insurance market with AIM’s acquisition
- May 27, 2025
- Posted by: Kassandra Jimenez-Sanchez
- Category: Insurance
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Aerospace Insurance Managers (AIM), a general aviation insurance services provider, from Hallmark Financial, in an undisclosed transaction.
This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client solutions.
Operating across 47 states, AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, with a focus on small aircrafts flown for pleasure or business, as well as hangar owners, FBO operators, private and municipal airports, and flight school and charter operators.
AIM will leverage the Bishop Street platform’s resources and commitment to underwriting profitability. This will enhance service quality for clients and open doors for new business expansion.
The insurer’s 16-person team, led by Sean Kelley, Vice President – Chief Underwriting Officer, and Randy Kasen, Vice President – Business Development and Operations, will continue to provide quality underwriting services to clients across the country.
Kelley, commented: “AIM is entering an exciting new chapter, powered by access to new strategic partners and capital resources. Joining the Bishop Street platform significantly strengthens our team’s capabilities, allowing us to expand our reach and positioning us to grow our business while continuing to provide top-tier client service.”
Kasen added: “Bishop Street has created a strong home base for operators like us, who provide tailored services to specific audiences and want access to a wider spectrum of resources and business development opportunities. The team’s commitment to innovation and growth couldn’t be more complementary to our goals for the future of AIM, and we look forward to seeing what comes next.”
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