CopperPoint Insurance Company has completed its acquisition of General Indemnity Group, the surety insurance business of Boston Omaha Corporation, for a gross price of US$84.3m in cash, the companies said on 26 October 2026.
Why CopperPoint Insurance Company is buying General Indemnity Group, LLC (from Boston Omaha Corporation)
CopperPoint said the deal adds GIG's surety professionals and platform to its property and casualty offering, and that it is contributing additional capital to expand its surety products. GIG's Boston office remains the headquarters for its surety operations.
“This is an exciting milestone for both organizations and the customers and partners we serve.”
Deal terms and financing
The all-cash transaction was completed on 23 October on the terms of a securities purchase agreement signed on 18 May 2026. Boston Omaha received net proceeds of about US$75.3m after expenses, a US$5.25m escrow, sale bonuses and management equity, and kept 2,673,831 Sky Harbour Class A shares held by GIG's insurer.
Market context
GIG, founded in 2015, includes United Casualty and Surety Insurance Company, BOSS Bonds and SuretyBonds.Market. CopperPoint, part of CopperPoint Mutual Insurance Holding Company alongside Pacific Compensation and Alaska National, has total assets of US$5.27bn. Boston Omaha said it will hold the proceeds as cash and may use them for its US$30m share buyback.
