Safety Insurance Group, Inc. completed the acquisition of the Assets and Operations of Northeast Insurance Agency, Inc.
December 01, 2022
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Safety Insurance Group, Inc. (NasdaqGS:SAFT) entered into a non binding Letter of Intent to acquire The Assets and Operations of Northeast Insurance Agency, Inc on October 6, 2022. Following the acquisition, Northeast / Metrowest will continue as a stand-alone business operation within Safety's holding company under the executive leadership of Mr. Bulger. Upon completion of the transaction, the employees of Northeast / Metrowest will become employees of the Safety subsidiary, providing additional high-quality talent to the Company. Northeast / Metrowest's offices in Auburn, Falmouth, Needham and Westborough, will continue to operate from their current locations. The transaction will be subject to customary conditions and is expected to be completed in the fourth quarter of 2022.
Safety Insurance Group, Inc. (NasdaqGS:SAFT) completed the acquisition of the Assets and Operations of Northeast Insurance Agency, Inc on December 1, 2022. Safety Northeast Insurance Agency, Inc. was established on December 1, 2022, when the Company acquired the assets and operations of Northeast Metrowest Insurance Agency, Inc.
Safety Insurance Group, Inc. is a provider of private passenger automobile, commercial automobile, and homeownersâ insurance in Massachusetts. In addition to these coverages, it offers a portfolio of a portfolio of other insurance products, including dwelling fire, umbrella, and business owner policies. Its product line includes private passenger automobile, commercial automobile, homeowners, business owner policies, personal umbrella, dwelling fire, commercial umbrella, inland marine, and Watercraft. Private passenger automobile and commercial automobile polices provide coverage for bodily injury and property damage to others, no-fault personal injury coverage, and physical damage coverage for an insured's own vehicle for collision or other perils. Homeowners write policies on homes, condominiums, and apartments. Inland marine provides additional coverage for jewelry, fine arts, and other items that a homeowner. Business owner policies serve small and medium-sized commercial accounts.
SAFETY INSURANCE GROUP, INC. 
