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Mapfre S.A.

Mapfre S.A.

Insurance company (Spain)

Appears in 1 story

Stories

Spain's Mapfre buys Massachusetts auto insurer Safety in $1.54 billion deal

Money Moves

Buyer; would fold Safety into its US arm

Safety Insurance sells car and home coverage to drivers in Massachusetts, New Hampshire, and Maine. On July 24, 2026, its board agreed to sell the whole company to Spain's Mapfre for about $1.54 billion in cash. Shareholders get $105 a share, a 44% jump over the prior day's close. The stock rose more than 40%.

Updated 55 minutes ago