CopperPoint to acquire General Indemnity Group

CopperPoint Insurance Company signed a definitive agreement to acquire General Indemnity Group and its subsidiaries from Boston Omaha Corporation .

GIG, founded in 2015, provides commercial surety solutions and contract surety bonds through subsidiaries including United Casualty & Surety Insurance Company, BOSS Bonds, and SuretyBonds.Market. The business serves policyholders in all 50 states and Washington, D.C.

The deal will expand CopperPoint’s specialty offerings and establish countrywide operations. CopperPoint said the transaction is expected to close before year-end, subject to regulatory approvals.

CopperPoint has $5.27 billion in total assets and enterprise surplus of over $1.97 billion. Its companies are rated A by AM Best.