Mapfre agrees to buy Safety Insurance for USD 1.54 billion

Reuters2026/07/31 08:25

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Mapfre agreed to buy Safety Insurance for USD 1.54 billion, expanding its footprint across Massachusetts and the US Northeast.
Closing is expected in Q1 2027; the combined operations would rank No. 2 in private auto in New England.
Mapfre arranged a bridge loan with Citibank and Deutsche Bank; it plans to refinance with about EUR 700 million Tier 2, EUR 500 million senior debt.
The deal is expected to cut the Solvency II ratio by about 10 percentage points, based on December 2025 figures.
Pre-tax synergies are projected above USD 30 million annually; net profit is expected to rise by more than 5% within three years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mapfre SA published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mapfre agrees to buy Safety Insurance for USD 1.54 billion

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