AM Best Places Credit Ratings of United Casualty and Surety Insurance Company Under Review With Positive Implications

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of United Casualty & Surety Insurance Company (UCS) (Omaha, NE).

The Credit Ratings (ratings) reflect UCS’ balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

The ratings of UCS have been placed under review with positive implications due to the recent announcement that CopperPoint Insurance Company (CopperPoint) has entered into a definitive stock purchase agreement (SPA) to acquire the surety insurance business of Boston Omaha Corporation (BOC), operated by General Indemnity Group, LLC (GIG), which is the intermediate parent of UCS. The transaction is structured as an all-cash transaction whereby CopperPoint will acquire all outstanding equity interests of GIG. The acquisition brings together two entities with aligned strategic objectives under common ownership.

The transaction is expected to close by year-end 2026, subject to customary conditions, including the receipt of required regulatory approvals from the Nebraska Department of Insurance and other necessary regulatory bodies. The ratings will remain under review with positive implications as AM Best conducts discussions with the company’s management team regarding CopperPoint’s future strategy and until the transaction closes.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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