M&A Deal Summary

Bishop Street Underwriters Acquires Conifer

On September 5, 2024, Bishop Street Underwriters acquired insurance company Conifer from Conifer Holdings

Acquisition Highlights
  • This is Bishop Street Underwriters’ 1st transaction in the Insurance sector.
  • This is Bishop Street Underwriters’ 1st transaction in the United States.
  • This is Bishop Street Underwriters’ 1st transaction in Michigan.

M&A Deal Summary
Date 2024-09-05
Target Conifer
Sector Insurance
Buyer(s) Bishop Street Underwriters
Sellers(s) Conifer Holdings
Deal Type Divestiture

Target

Conifer

Troy, Michigan, United States
Conifer is a specialty commercial managing general agency that operates a portfolio of three programs across several specialty lines of business, including main street small and medium sized enterprises (SMEs), hospitality, and auto dealers. Conifer is based in Troy, Michigan.

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Buyer(S) 1

Buyer

Bishop Street Underwriters

Chicago , Illinois, United States
Category Company
Sector Insurance
DESCRIPTION

Bishop Street Underwriters is a Managing General Agent and program administrator for specialty property & casualty insurance. Bishop Street Underwriters is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 2
Type (Divestiture) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-11 Ethos Transactional

New York, New York, United States

Ethos Transactional is focused on managing risks related to transactions, offering multiple solutions including representations and warranties (R&W) and tax insurance.

Buy -

Seller(S) 1

SELLER

Conifer Holdings

Troy, Michigan, United States
Category Company
Founded 2009
Sector Insurance
Employees94
Revenue 96M USD (2023)
DESCRIPTION

Conifer Holdings offers specialty insurance coverage for both commercial and personal lines. Conifer Holdings was founded in 2009 and is based in Troy, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

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