CopperPoint Insurance Company Acquires United Casualty

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" (Excellent) for CopperPoint Insurance Company and its subsidiaries. This decision comes on the heels of CopperPoint's recent acquisition announcement of United Casualty and Surety Insurance Company (UCS), based in Omaha, Nebraska. CopperPoint plans to purchase UCS from Boston Omaha Corporation through a definitive Securities Purchase Agreement, featuring an all-cash transaction to acquire all equity interests in General Indemnity Group, LLC (GIG).

GIG, which operates within the surety insurance market via UCS and BOSS Bonds, will also bring the SuretyBonds.Market technology platform under CopperPoint's umbrella through this acquisition. The transaction is anticipated to close by the end of 2026, pending necessary regulatory compliance and approvals from the Nebraska Department of Insurance, alongside other standard closing conditions.

For the fiscal year ending December 31, 2025, GIG reported total revenues of $27.2 million. Comparatively, UCS accounts for approximately 2.4% of CopperPoint's shareholder equity and around 3.4% of net premiums written. AM Best projects that the group's risk-adjusted capitalization, assessed through Best’s Capital Adequacy Ratio (BCAR), will continue reinforcing its strong financial standing. This review is part of AM Best's continuous credit ratings assessment, offering detailed information through their global operations that span over 100 countries. For more insights, visit www.ambest.com.