General Indemnity Group Acquired by CopperPoint Insurance | Financial Services M&A Deal

CopperPoint Insurance has acquired General Indemnity Group, a insurance brokerage business in Massachusetts, for $275 million. General Indemnity Group is a commercial and contract surety insurance holding company with subsidiaries including United Casualty & Surety Insurance Co., plus surety placement platform BOSS Bonds and the SuretyBonds.Market technology platform. CopperPoint Insurance acquisitions expand its nationwide surety capabilities and add a technology-driven surety workflow while General Indemnity Group supports bonds for construction, commercial, and public sector projects across all 50 states. The merger acquisition is a strategic acquisition by a Phoenix-based workers compensation and commercial insurer, with General Indemnity Group continuing operations from its Boston office as a regional hub within CopperPoint’s growing footprint.