Aerospace Insurance Managers (AIM) has been acquired by Bishop Street Underwriters, a portfolio company of RedBird Capital Partners, in a move that marks Bishop Street’s entry into the aviation insurance sector. AIM, formerly part of Hallmark Financial, will continue to operate with its 16-person team under the leadership of Sean Kelley and Randy Kasen.

Based in Dallas, AIM provides general aviation coverage for hull, aircraft and airport liability. It serves small aircraft owners, hangar operators, FBOs, private and municipal airports, and flight schools and charter operators in 47 states. As part of Bishop Street, AIM will gain access to new capital resources and strategic partnerships, enhancing its ability to grow and serve clients more effectively.

“AIM is entering an exciting new chapter, powered by access to new strategic partners and capital resources,” says the company's vice president and chief underwriting officer Sean Kelley.

The acquisition forms part of Bishop Street’s recent string of strategic moves, including the acquisitions of Landmark Underwriting, Conifer Insurance Services and others.