Mapfre to Acquire Safety Insurance Group in $1.54 Billion All-Cash Deal

Event Summary

On July 23, Mapfre S.A. agreed to acquire Safety Insurance Group in an all-cash transaction valued at approximately $1.54 billion, or $105 per share. Following this, stockholders of Corebridge Financial and Equitable Holdings officially approved a merger between the two entities on July 30. Finally, on August 3, American Family Mutual Insurance Company announced a $1.2 billion all-cash deal to acquire Bowhead Specialty.