A Locke Lord team led by Christopher Martin (Houston) represented Phoenix-based mutual holding company CopperPoint Insurance Group in the completed $900 million acquisition of the privately-held parent company of workers’ compensation and liability insurer, Alaska National Insurance Company, based in Anchorage. CopperPoint and Alaska National are both leading workers’ compensation insurers in their respective geographic markets and the combined insurance operations will represent approximately $625 million in forecasted written premium and total assets of approximately $5 billion. The transaction closed Nov. 29, 2019. For more information, see the press release. Additional assistance was provided by Alex Cavaliere (Hartford), Ed Razim, Jerry Higdon, Brandon Renken, Laura L. Ferguson, Rachel Fitzgerald, DeLaina Mulcahy and Eric Boylan (all of Houston), Chris Flanagan and Stanley Keller (both of Boston), John Emmanuel (New York), Van Jolas (Dallas), Tim Farber (Chicago), and Jonathan Bank, Nina Huerta and Norris Clark (all of Los Angeles).
Posted on December 18, 2019