Mapfre to Acquire Safety Insurance Group for $1.54bn to Strengthen Northeast Position
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16 Articles
Mapfre to acquire Safety Insurance Group for $1.54bn to strengthen Northeast position
Mapfre, an international insurance company, through its subsidiary, Mapfre U.S.A. Corporation (Mapfre USA), has agreed to acquire Safety Insurance Group, Inc. (Safety), a property and casualty insurer with a strong presence in Massachusetts and several Northeastern states, in an all-cash transaction valued at $1.54 billion. This acquisition aligns with global re/insurer Mapfre’s long-term growth strategy, and aims to strengthen Mapfre USA’s posi…
The operation will generate synergies of 30 million, raise net profit by more than 5% and consolidate Mapfre as the leading insurer in Massachusetts
Mapfre consolidates its commitment to the United States with the purchase of Safety Insurance for $1,542 million (€1,355 million) through an operation that will allow it to grow in the northeastern part of the country. "The acquisition reinforces Mapfre USA's leadership position in Massachusetts," Mapfre said in the statement. The company led by Antonio Huertas hopes to close the operation throughout the first quarter of 2027 and will make the S…
He claims that the transaction "is aligned with the Group's long-term strategy."Safety's shareholders will receive a consideration of $105.More information: Mapfre, Occident and Santalucía point to the summer as the period of greatest sinisterity in second residences
Mapfre has reached an agreement to purchase the American insurance company Safety Insurance for €1,355 million ($1,542 million) with the aim of strengthening its presence in the northeast of the United States. The operation, communicated this Wednesday to the CNMV, will make the US subsidiary the second largest private car insurer in New England and the first in home and commercial car in the region. The financial terms of the acquisition of Saf…
Mapfre announces an agreement to acquire Safety for $1.54bn, expanding its leadership across the US Northeast
Madrid / Boston, 23 July 2026. Mapfre S.A. (“Mapfre”) today announced that Mapfre U.S.A. Corporation (“Mapfre USA”) has entered into a definitive agreement to acquire Safety Insurance Group, Inc. (“Safety”), a leading property and casualty insurer with a leading position in Massachusetts and a presence in a number of states throughout the Northeast. This all-cash transaction, valued at $1.54 billion, represents a significant step in Mapfre’s glo…
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