Brief: Safety Insurance Group, Inc. Announces Intent To Acquire Northeast Metrowest Insurance Agency

Safety Insurance

06/10/2022 14:10

Oct 6 (Reuters) - Safety Insurance Group Inc  SAFT.O :
    * SAFETY INSURANCE GROUP, INC. ANNOUNCES INTENT TO ACQUIRE
NORTHEAST METROWEST INSURANCE AGENCY
    * SAFETY INSURANCE - ANNOUNCED EXECUTION OF NON-BINDING LOI
TO
ACQUIRE, THROUGH A SUBSIDIARY, ASSETS & OPERATIONS OF NORTHEAST
INSURANCE AGENCY
    * SAFETY INSURANCE GROUP INC - FOLLOWING ACQUISITION
NORTHEAST/METROWEST TO CONTINUE AS STAND-ALONE BUSINESS
OPERATION WITHIN SAFETY'S HOLDING COMPANY
    * SAFETY INSURANCE GROUP INC - UPON COMPLETION OF
TRANSACTION,
EMPLOYEES OF NORTHEAST / METROWEST WILL BECOME EMPLOYEES OF
SAFETY SUBSIDIARY
    * SAFETY INSURANCE GROUP INC - NORTHEAST/METROWEST'S OFFICES
IN
AUBURN, FALMOUTH, NEEDHAM, WESTBOROUGH, WILL CONTINUE TO OPERATE
FROM CURRENT LOCATIONS

Source text for Eikon:  ID:nBwC9hkha 
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