Acquisition History / Mapfre / Safety Insurance Group, Inc.
Mapfre Acquires Safety Insurance Group, Inc.
Announced July 23, 2026 — $1.54B
What happened
Boston-based Safety Insurance Group agreed on July 23, 2026 to be acquired by Spain's Mapfre in an all-cash transaction valued at approximately $1.54B, positioning Safety for growth across New England.
- Acquirer
- Mapfre
- Target
- Safety Insurance Group, Inc.
- Announced
- July 23, 2026
- Price
- $1.54B
- Industry
- Property and casualty insurance
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Mapfre acquire Safety Insurance Group, Inc.?
Mapfre acquired Safety Insurance Group, Inc. on July 23, 2026. This was Mapfre's 1st publicly tracked acquisition out of 1 we have on record.
How much did Mapfre pay for Safety Insurance Group, Inc.?
Mapfre paid $1.54B for Safety Insurance Group, Inc..
What does Safety Insurance Group, Inc. do?
Boston-based Safety Insurance Group agreed on July 23, 2026 to be acquired by Spain's Mapfre in an all-cash transaction valued at approximately $1.54B, positioning Safety for growth across New England.
What other Property and casualty insurance companies has Mapfre acquired?
Safety Insurance Group, Inc. is Mapfre's only publicly tracked acquisition in Property and casualty insurance so far.