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Copperpoint Insurance completes $900M acquisition of Alaska National

CopperPoint Insurance Cos. has completed its acquisition of Alaska National Corp.

The deal, valued at $900 million, was announced Sept. 17.

Alaska National's statutory surplus on Sept. 30 was $550 million. The projected enterprise financial results as of Dec. 31 are approximately $625 million of written premiums, a combined ratio of 98.5%, total assets of $5 billion and a surplus of $1.4 billion.

Waller Helms Advisors and Locke Lord LLP served as advisers to CopperPoint Insurance. Macquarie Capital and Debevoise & Plimpton LLP acted as advisers to Alaska National.