Investment to Accelerate Growth and Innovation

NEW YORK and WEST PALM BEACH, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters ('Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners ('RedBird”), today announced it has made a strategic equity investment in Verve Services, LLC ('Verve”), a leading, full-service auto insurance managing general agency ('MGA”). This partnership marks Bishop Street's entry into Specialty Private Passenger Auto. Through this equity investment, Verve is positioned for continued innovation and accelerated growth in the auto insurance industry.