General Indemnity Group

What General Indemnity Group does

General Indemnity Group, LLC (GIG) is a Boston-based insurance holding company founded in 2015 and operating as a wholly owned subsidiary of Boston Omaha Corporation (NYSE: BOC). GIG specializes in acquiring and operating companies that underwrite and distribute surety insurance products. Its core operating subsidiary is United Casualty & Surety Insurance Company (UCS), a monoline surety carrier rated A- (Excellent) by A.M. Best, licensed in all 50 states plus the District of Columbia, and certified by the U.S. Treasury Department. Distribution is executed through BOSS Bonds Insurance Agency, a national surety managing general agency formed by consolidating five acquired agencies in June 2024, with stated combined agent experience exceeding 40 years.

The company's technology layer consists of two proprietary digital platforms - SuretyBonds.Market for insurance agents and EZSuretyBonds for consumers - which deliver instant bond approvals and enable P&C agents without prior surety expertise to issue bonds online. Technology and operations are supported by a Salesforce-based CRM, real-time data systems, and a hybrid-work staff anchored in Boston's Fort Point Channel district (relocated April 2024). Headcount stood at 60 employees as of the most recent reporting period, up from 19 since 2019.

GIG's business model combines recurring underwriting premiums from UCS, transaction-based agency commissions from BOSS Bonds, and platform-level transaction fees from SuretyBonds.Market and EZSuretyBonds. The company reported $23.9M in FY 2024 revenue (35% YoY) and $2.72M net income (32% YoY), with UCS written premiums up 40% and Policy Holder Surplus rising to $40.7M. On May 18, 2026, GIG's parent Boston Omaha Corporation announced a definitive agreement to sell GIG to CopperPoint Insurance Company for $84,308,757.68 in cash, with closing expected before year-end 2026 subject to regulatory approvals.

Name

General Indemnity Group

Legal name

General Indemnity Group, LLC

Website

https://gi.insure

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

General Indemnity Group is a Boston-based insurance holding company that underwrites and distributes surety bonds through an A- rated monoline carrier (UCS), a national surety managing general agency (BOSS Bonds), and digital platforms (SuretyBonds.Market, EZSuretyBonds), serving P&C agents, contractors, and government project primes.

Ownership category

akta.pro rank

Product category

Surety Insurance

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Surety Insurance (6351), Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Commercial Surety Bonds (FSAJAIAB)

akta.pro secondary industries

Surety & Bond Brokerage (FSAEADAI), Notary / Bail / Miscellaneous Consumer Bonds (FSAJAIAK)

Keywords

• Surety bond underwriting
• Surety insurance agency
• Monoline surety carrier
• Commercial bond distribution
• Surety bond technology

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Surety Bond Premiums (UCS): United Casualty & Surety Insurance Company generates revenue through underwriting surety bonds. Premiums are earned on commercial, contract, and license bonds. UCS grew written premiums by 40% in 2024 and Policy Holder Surplus increased to $40.7 million.
2. Agency Commissions (BOSS Bonds): BOSS Bonds Insurance Agency operates as a surety-only agency earning commissions on bond placements. In June 2024, GIG consolidated five insurance agencies under BOSS Bonds, resulting in a 23% production increase. Agency serves P&C insurance agents, contractors, and individuals/small businesses nationwide.
3. Platform Transaction Fees: SuretyBonds.Market and EZSuretyBonds platforms facilitate bond transactions generating transaction-based revenue. These tech solutions allow agents and customers to obtain bonds with instant approvals nationwide.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

General Indemnity Group is a holding company that acquires and operates companies underwriting and distributing surety bonds. Its portfolio combines a monoline A-rated surety insurance carrier (United Casualty & Surety Insurance Company), a national surety managing general agency (BOSS Bonds Insurance Agency), and proprietary digital platforms (SuretyBonds.Market for agents and EZSuretyBonds for consumers), enabling instant bond approvals across all 50 states for commercial, contract, and license bonds.

Product overview

General Indemnity Group operates a multi-platform portfolio of surety bond products. The core offerings include: (1) SuretyBonds.Market - a technology platform for insurance agents to facilitate rapid bond approvals nationwide; (2) EZSuretyBonds - a consumer-facing portal for individual surety bond needs; (3) BOSS Bonds Insurance Agency - a national surety managing general agency consolidating multiple acquired agencies; and (4) United Casualty & Surety Insurance Company (UCS) - an A-rated monoline surety insurance company providing underwriting capacity. Together these products create a full-service surety bond ecosystem spanning from wholesale distribution through retail sales to insurance company underwriting.

Differentiator

Problem solved

Functional benefit

Brands

• SuretyBonds.Market: Technology platform for insurance agents to manage surety bonding needs nationwide, enabling rapid bond approvals
• EZSuretyBonds.com

Products and services

• BOSS Bonds Insurance Agency A premier surety-only agency with over 40 years of combined agent experience, licensed in all 50 states with strategically positioned physical locations. Offers comprehensive surety bond products and solutions for P&C insurance agents, contractors, individuals, and small businesses.
• United Casualty & Surety Insurance Company (UCS) An A- (Excellent) AM Best-rated monoline surety insurance company licensed in all 50 states and D.C., approved by the United States Department of Treasury. Provides underwriting for commercial, contract, and license surety bonds at competitive rates.
• SuretyBonds.Market An advanced digital surety portal that allows insurance agents nationwide to book surety bonds instantly online, without prior surety expertise. Enables affiliate agents to maintain client relationships while expanding offerings, with rapid bond approvals and streamlined processes across the surety value chain.
• EZSuretyBonds A user-friendly consumer-facing digital platform for individuals needing surety bond services. Provides a seamless bonding experience without requiring prior surety expertise, offering bond solutions for notary, license, court, and permit needs with instant approvals nationwide.

Quantifiable outcome

• 40% growth in UCS written premiums in 2024
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

One partnership is on record.

• CopperPoint Insurance CompanycoreStrategic or Co-development Partner · 18 May 2026CopperPoint Insurance Company (Phoenix, Arizona) signed definitive agreement to acquire General Indemnity Group for $84,308,757.68 in an all-cash transaction expected to close before year-end 2026, pending regulatory approvals. CopperPoint is a specialty insurer with A (Excellent) AM Best rating. The acquisition aims to combine GIG's digital infrastructure and sector expertise with CopperPoint's distribution relationships and organizational resources. GIG will continue operating from Boston as a regional hub within CopperPoint's national network.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Jetty: Jetty is a surety-focused insurtech offering digital bond issuance for real estate and consumer use cases. An emerging surety tech player that overlaps with GIG's EZSuretyBonds consumer-facing platform strategy.

Direct peers

• SureTec Insurance Company: SureTec is a monoline surety carrier licensed in all 50 states, the closest direct competitor to UCS — matching GIG's specialty-only, agency-distributed model and Treasury-approved federal-project status.
• RLI Corp: RLI operates a specialty surety segment focused on small-to-mid commercial and contract bonds via agents, overlapping with BOSS Bonds' target market. A specialty insurance peer with a comparable niche underwriting approach.
• SuretyBonds.com: SuretyBonds.com is an online surety marketplace and direct-to-consumer bond provider that competes with EZSuretyBonds and SuretyBonds.Market for SMB and individual bond purchases. The closest digital distribution peer to GIG's InsurTech platforms.

Broad incumbents

• The Hartford (Surety): The Hartford writes contract and commercial surety through a national agency network, mirroring GIG's distribution-led model. A broad P&C incumbent competing with UCS for construction and commercial surety accounts via agents.
• Intact Insurance (Surety, formerly CNA Surety in some regions): Intact Insurance's surety division (formerly OneBeacon and integrated CNA Surety assets) underwrites contract and commercial surety in the U.S. A broader specialty insurer competing with UCS for mid-market surety accounts.
• Travelers (Bond & Financial Products): Travelers Bond & Financial Products is a top-five U.S. surety underwriter serving construction and commercial surety markets. A diversified P&C incumbent that competes head-to-head with UCS for mid-market and large contractor accounts.
• Zurich Insurance (Surety): Zurich's North America Surety business underwrites commercial and contract surety for mid-to-large contractors. A global P&C incumbent whose underwriting capacity and global footprint exceed UCS, competing on large and federal project bonds.
• Liberty Mutual Insurance (Surety): One of the largest U.S. surety writers via Liberty Mutual Surety, offering contract, commercial, and fidelity bonds nationwide. A broader P&C incumbent, but directly competes with UCS for large construction and federal project bonds.
• CNA Financial (Surety): CNA Surety is a major U.S. surety underwriter with strong agency distribution and broad product coverage. As a broad P&C incumbent, it competes with UCS across commercial and contract surety.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/general-indemnity-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about General Indemnity Group