Skyward Specialty Insurance, Bishop Street announce joint venture

Bishop Street Underwriters announced a strategic joint venture with Skyward Specialty Insurance Group. Bishop Street is a value-additive acquirer and program incubator, marrying an MGA’s established brand equity with best-in-class capabilities, capital, and resources to build a powerful growth platform. With several deals completed and several more expected to close this year, Bishop Street is partnering with entrepreneurs, operators, and underwriters across specialty P&C markets. The joint venture will accelerate Bishop Street’s ability to strengthen MGAs and support existing program expansion, new product and program launches, and underwriting team lift-outs with preferred Admitted and E&S capacity. Bishop Street’s data-driven, tech-enabled decision making and value creation capabilities, combined with Skyward Specialty’s robust underwriting expertise, distinctive advanced technology and analytics capabilities, primary insurance capacity and financial strength, will further enable Bishop Street to address the unique needs of its MGA businesses and entrepreneurial underwriters looking for a turnkey platform.