M&A Deal Summary

Bishop Street Underwriters Acquires Ethos Transactional

On November 11, 2024, Bishop Street Underwriters acquired business services company Ethos Transactional from Ethos Specialty

Acquisition Highlights
  • This is Bishop Street Underwriters’ 1st transaction in the Business Services sector.
  • This is Bishop Street Underwriters’ 2nd transaction in the United States.
  • This is Bishop Street Underwriters’ 1st transaction in New York.

M&A Deal Summary
Date 2024-11-11
Target Ethos Transactional
Sector Business Services
Buyer(s) Bishop Street Underwriters
Sellers(s) Ethos Specialty
Deal Type Divestiture

Target

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.

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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 2 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Landmark Underwriting

London, United Kingdom

Landmark Underwriting provides multi-disciplined product offerings, globally to brokers and clients, with a dedicated focus on complex and specialty (re)insurance across multiple classes including professional indemnity, property, directors and officers, general liability, and marine. Landmark Underwriting was founded in 2017 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Ethos Specialty

New York, New York, United States
Category Company
Sector Insurance
DESCRIPTION

Ethos Specialty is a dynamic Managing General Underwriter (MGU) focused on developing highly-performing specialty insurance programs, informed by superior underwriting, and distribution capabilities. Ethos Specialty is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal