CopperPoint Insurance Company, a Phoenix-based specialty provider of workers’ compensation and commercial insurance solutions, has signed a definitive agreement to acquire General Indemnity Group (GIG), an insurance holding company focused on commercial and contract surety solutions across all 50 states and Washington D.C.
The transaction includes GIG subsidiaries United Casualty & Surety Insurance Company (UCS), surety placement platform BOSS Bonds, and proprietary technology platform SuretyBonds.Market. The acquisition is from Boston Omaha Corporation.
The deal represents CopperPoint’s third acquisition in the past decade and expands the company’s capabilities in commercial and contract surety, while strengthening its national presence and distribution network. CopperPoint said the transaction will add specialist talent, broaden its product offering, and support its continued growth strategy.
“This is a significant milestone in our organisation’s continued growth story,” commented Kellen Booher, President & CEO of the CopperPoint family of insurance companies.
“We’re proud to welcome GIG’s incredibly talented team, and we are very pleased to add commercial and contract surety capabilities to our growing portfolio of risk management and service offerings. Doing so on a countrywide basis will allow us to meet more of our policyholders’ and long-standing distribution partners’ needs wherever they operate, particularly in our construction business where we have significant expertise and scale.
“We look forward to partnering with the entire GIG team to build together on their decade-long track record of growth and innovation, fuelled by the same kinds of investments in people, partnerships, and platforms that CopperPoint has long prioritised.”
Founded in 2015, GIG has developed a national footprint in the surety sector, supporting tens of thousands of bonds linked to construction, commercial, and public sector projects. The company has built its business around technology-led services and digital transformation within the surety market.
Dave Herman, President of GIG, said the acquisition would support the company’s next stage of development while allowing it to extend its reach within the market.
“This is a transformative moment for our organisation and an exciting next chapter for our team,” Herman added. “Joining CopperPoint allows us to scale our operations, continue to enhance our technology and service offerings, and bring our expertise to a broader customer base, ultimately unlocking a new phase of accelerated growth for our organisation. With our national footprint, we’re eager to contribute to CopperPoint’s geographic expansion and to continue delivering innovative solutions to the insurance marketplace.”
Herman continued: “We are proud of the team and the business we’ve built. This next chapter with CopperPoint is a natural evolution of our growth strategy, and we look forward to what we can accomplish together.”
In a separate statement, Herman also noted: “We are thrilled to join forces with CopperPoint and bring our comprehensive surety services and expertise to a broader platform. This partnership gives us access to significant resources and financial strength, complementary scale in major markets and industry segments, and CopperPoint’s deep broker and agency relationships. Together, we are well-positioned to provide even greater value to our customers and partners.”
CopperPoint said GIG’s technology-driven approach and specialist surety expertise would complement its own relationships with brokers and agents, as well as its wider commercial insurance operations. Booher said the companies shared a similar long-term approach to growth and customer service.
“CopperPoint is proud to welcome GIG’s incredibly talented team, and we look forward to building together on their strong track record of growth and innovation. Their clear focus on service, expertise, and building for the long term make this both a cultural and a strategic fit,” Booher stated.
“Adding surety capabilities to CopperPoint’s portfolio also marks an exciting moment in our growth story, allowing us to meet more of our policyholders’ and distribution partners’ needs across a national footprint.”
CopperPoint was founded in 1925 as the Arizona Workers’ Compensation state fund and became a mutual insurance company in 2013. The company operates across a core 15-state western footprint and has continued to expand nationally. CopperPoint confirmed its headquarters will remain in Phoenix, Arizona.
Following completion of the transaction, GIG will continue operating from its Boston office, which CopperPoint said will serve as a key regional hub within its expanding national network.
The acquisition remains subject to regulatory approvals and customary closing conditions, with the companies expecting the transaction to complete before year-end.
