SAFETY INSURANCE GROUP INC [SAFT] - Safety Insurance Group / MAPFRE U.S.A. merger
Safety Insurance Group will be merged with MAPFRE U.S.A. Corp. at a cash price of $105.00 per share, representing a 44.8% premium to the closing price on July 22, 2026.
Why this matters
Safety Insurance Group, a company operating in the fire, marine, and casualty insurance sector, is set to merge with MAPFRE U.S.A. Corp. Safety Insurance, incorporated in Delaware, will become a wholly owned subsidiary of MAPFRE and will no longer be publicly traded, with its shares delisted from Nasdaq. This merger follows an unsolicited bid and a strategic review process involving the appointment of a financial advisor. The transaction is valued at $105.00 per share in cash, representing a 44.8% premium over Safety Insurance's closing price on July 22, 2026.