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.
SAFT•
