US-based CopperPoint Insurance has completed its acquisition of General Indemnity Group (GIG) from Boston Omaha Corporation.
The transaction, first announced in May 2026, was completed after all regulatory approvals and customary closing conditions were received ahead of the companies’ year-end target. Financial terms were not disclosed.
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GIG and its subsidiaries now form part of CopperPoint.
The businesses include United Casualty & Surety Insurance Company, BOSS Bonds, a surety placement platform, and the proprietary SuretyBonds.Market digital platform.
GIG president Dave Herman said: “This combination brings together complementary strengths and investments that will accelerate our next phase of growth while enhancing our exceptionally high service standards.”
Founded in 2015, GIG provides surety underwriting, placement, and technology in all 50 states and Washington, D.C.
Its Boston office will become an anchor and regional hub within CopperPoint’s operations.
According to CopperPoint, the deal is its third acquisition in the past decade.
It expands the company’s commercial property and casualty operations with commercial and contract surety offerings across the country.
According to the statement, the integration expands CopperPoint’s specialitysolutions for the construction sector and increases capacity for agents, brokers, and policyholders.
Distribution partners will have access to a wider specialityproduct portfolio, broader underwriting limits, and GIG’s digital placement tools for surety transactions of different sizes.
CopperPoint was founded in 1925 as the Arizona Workers’ Compensation state fund.
It became a mutual insurer in 2013 and has since developed into a multi-line commercial carrier.
Its parent CopperPoint Mutual Insurance Holding Company also oversees Pacific Compensation Insurance Company and Alaska National Insurance Company.
The holding company has $5.27bn in total assets and an enterprise surplus of more than $1.97bn.
CopperPoint president and CEO Kellen Booher added: “GIG brings experienced surety professionals, nationwide capabilities, and a best-in-class platform that makes placing bonds easier than ever. By combining those strengths with CopperPoint’s Property & Casualty solutions, significant financial strength and commitment to service, we are creating new opportunities to deliver value and support the long-term success of our customers, distribution partners, employees and communities.”
