Business Wire·May 29, 2026, 10:54 AM ET

AM Best Comments on Credit Ratings of CopperPoint Insurance Company and Its Subsidiaries Following Announced Acquisition of United Casualty and Surety Insurance Company

AM Best maintained CopperPoint Insurance Company's Financial Strength Rating of A (Excellent) & Long-Term Issuer Credit Rating of "a" (Excellent) following the announcement of its acquisition of United Casualty & Surety Insurance Company (UCS).
Boston Omaha Corporation announced on May 18, 2026, that it signed a definitive Securities Purchase Agreement to sell its surety insurance business, operated by General Indemnity Group (GIG), to CopperPoint in an all-cash transaction.
The deal involves CopperPoint acquiring all outstanding equity interests of GIG, which includes subsidiaries UCS & BOSS Bonds, plus the SuretyBonds.Market technology platform.
The transaction is expected to close before the end of 2026, pending regulatory approvals from the Nebraska Department of Insurance & other customary closing conditions.
For the fiscal year ended December 31, 2025, GIG reported total revenues of $27.2 million, with UCS representing approximately 2.4% of CopperPoint's shareholder equity & 3.4% of its net premiums written.
CopperPoint, a specialty insurer focused on workers' compensation & multiline property/casualty, is expected to maintain a Best's Capital Adequacy Ratio (BCAR) that supports its consolidated group.