Ethos Capital, BCI and White Mountains Acquire Ownership Position in BroadStreet Partners (with Ontario Teachers' Co-Control)

Bishop Street Underwriters Acquires Ethos Specialty's Transactional Liability Unit

November 11, 2024

Insurance

Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired the Transactional Liability unit of Ethos Specialty, adding Representations & Warranties and Tax insurance capabilities to its platform. The Ethos Transactional team will remain in place and continue working with most of its existing capacity providers; financial terms were not disclosed.

White Mountains Acquires Majority Stake in Bamboo Ide8 Insurance Services

October 20, 2023

Financial Services

White Mountains Insurance Group agreed to acquire approximately a 70% majority stake in Bamboo Ide8 Insurance Services, LLC, investing about $285 million including primary capital to support growth. Bamboo, a tech- and data-enabled MGA serving over 100,000 California homeowners, will remain led by founder John Chu and management, and plans to expand beyond California with White Mountains as a capital partner.

BCI Takes Significant Minority Stake in Authority Brands

September 20, 2022

Professional Services

British Columbia Investment Management Corporation (BCI) agreed to acquire a significant minority stake in Authority Brands, the North American residential services franchising platform. Funds advised by Apax Partners will retain majority ownership; the investment is intended to support further M&A, franchise development, technology transformation and international expansion.

White Mountains Acquires Majority Interest in Ark Insurance Holdings

October 1, 2020

Insurance

White Mountains Insurance Group agreed to invest $605 million of equity (at a $300 million pre-money valuation) and purchase $41 million of shares from existing owners to acquire a majority interest in Ark Insurance Holdings, the parent of Ark Syndicate Management Ltd. The capital raise will give White Mountains ~72% ownership at closing (63% fully diluted), with a commitment to contribute up to an additional $200 million in 2021 to substantially expand Ark's Lloyd's capacity, convert its Bermuda reinsurance entity, and hire underwriting talent.

CVC Capital Partners to Acquire Controlling Interest in Bamboo

October 3, 2025

Insurance

White Mountains Insurance Group has signed a definitive agreement to sell a controlling interest in Bamboo, a data-enabled insurance distribution platform focused on homeowners’ insurance in California and Texas, to funds advised by CVC Capital Partners. The deal values Bamboo at $1.75 billion, with White Mountains retaining about a 15% fully-diluted equity stake post-closing; the transaction is expected to close by the end of Q4 2025 subject to regulatory approvals.

Highstreet Insurance Partners Acquires Columbia Insurance

August 6, 2024

Insurance

Highstreet Insurance Partners has acquired Columbia Insurance, a Vancouver, Washington-based provider of personal and commercial risk solutions. The deal (terms undisclosed) expands Highstreet's presence in the Northwest and brings Columbia's five locations into Highstreet's West region.