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CopperPoint acquires Alaska National

Posted On: Sep. 17, 2019 11:29 AM CST


Workers compensation insurer CopperPoint Insurance Cos. has agreed to acquire Alaska National Corp., a wholly owned subsidiary of Alaska National Insurance Co., the company announced Tuesday.

The deal between Phoenix-based CopperPoint and Anchorage-based Alaska National will lead the combined companies to represent about $650 million in premium and an asset base of nearly $4.8 billion, CopperPoint said in a news release.

Each company will retain its original name and headquarters, and the combined companies will have 10 offices in the western U.S.

The transaction is expected to close once customary regulatory reviews and approvals are received.