January 22, 2018
The plan was recently approved by the company's board of directors and filed with the Arizona Department of Insurance (DOI) on January 12, 2018. The plan is subject to DOI review and approval, as well as approval of existing member policyholders of CopperPoint Mutual Insurance Company.
CopperPoint is pursuing this strategy to:
January 17, 2018
PHOENIX, Arizona - CopperPoint Mutual Insurance Company, Arizona's leading provider of workers' compensation insurance since 1925, today announced it has completed its acquisition of Pacific Compensation Insurance Company (PacificComp) from Alleghany Insurance Holdings LLC, a wholly-owned subsidiary of Alleghany Corporation (NYSE: Y). The purchase price equates to $150 million in cash and is subject to post-closing adjustments. Terms of the agreement include the purchase of adverse development reinsurance cover on PacificComp's pre-acquisition claims.
November 8, 2017
PHOENIX, Arizona - CopperPoint Insurance Companies has been named one of Arizona's largest private companies in the 2017 Arizona Corporate Excellence (ACE) Award sponsored by the Phoenix Business Journal. ACE winners were recognized at an awards reception held Thursday, Nov. 2 at The Scottsdale Center for the Performing Arts in Scottsdale.
October 5, 2017
PHOENIX, Arizona - Marc Schmittlein, President & CEO of CopperPoint Insurance Companies, has been appointed to serve on the 2018 Greater Phoenix Economic Council Board of Directors. GPEC is a regional economic development organization and its board of directors is made up of public and private leaders aimed at bringing long-term sustainability to the Phoenix area.