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.
American Family Mutual Insurance Company has agreed to acquire Bowhead Specialty for $1.2 billion in an all-cash transaction to expand its market presence.
Read the full storyThe official approval marks a key regulatory milestone in executing the previously announced merger strategy between the two firms.
Safety Insurance shareholders will receive $105 per share in cash as Mapfre expands its property and casualty footprint in the New England market.