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AM Best Comments on Credit Ratings of MAPFRE S.A.'s Rated Operating Subsidiaries Following Announced Acquisition of Safety Insurance Group, Inc.

AMSTERDAM--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of MAPFRE S.A.'s (MAPFRE) rated operating subsidiaries remain unchanged following the announcement that MAPFRE U.S.A. Corporation (MAPFRE USA) has entered a definitive agreement to acquire Safety Insurance Group, Inc. (Safety), a property/casualty insurer with a leading market position in Massachusetts and a presence in several…

Business Wire • Jul 27, 2026
Safety Insurance Group, Inc. Enters Into Merger Agreement With Mapfre for $1.54 Billion

BOSTON--(BUSINESS WIRE)--Safety Insurance Group Inc. (NASDAQ:SAFT) (“Safety”), one of the leading property and casualty insurers in Massachusetts and across New England, today announced that it has entered into a definitive agreement under which an affiliate of Mapfre S.A. ("Mapfre") will acquire Safety in an all-cash transaction valued at approximately $1.54 billion. Under the terms of the agreement, Safety…

Business Wire • Jul 23, 2026

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