Safety Insurance agreed to be acquired by Mapfre for $105/share, a 40% premium, with closing expected in 6–7 months. SAFT's thin margins and competitive pressures in auto insurance underscore the ...

John McCormick is a former deputy editor at The Wall Street Journal and has been an editor and reporter at several other media outlets, including Digital Insurance and Financial Planning, where he ...

Safety Insurance Group Inc,, a property/casualty insurer in Massachusetts and New England, has agreed to be acquired by Spain’s Mapfre S.A. in an all-cash transaction valued at approximately $1.54 ...

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