Safety National Casualty Corporation Acquires Midlands Management Corporation
ST. LOUIS--(BUSINESS WIRE)--Jan 2, 2019--Safety National Casualty Corporation, a multi-line specialty insurance carrier that offers risk solutions for large commercial and public entity clients, has acquired Midlands Management Corporation, a managing general agent (MGA), wholesale broker, program administrator and insurance services provider with a specialty in excess workers’ compensation. As a result of this transaction, Midlands Management Corporation is now a wholly-owned subsidiary of Safety National and a member of the Tokio Marine Group.
“We are very excited about this opportunity,” said Mark Wilhelm, Safety National’s CEO. “Safety National is gaining a specialty MGA with a successful long-term track record, proven leadership and a talented team of customer-focused employees.”
Safety National’s and Midlands’ executive teams will remain intact and the acquisition will have no effect on Midlands’ day-to-day operations. There are no plans to make any personnel changes and Midlands’ headquarters will remain in Oklahoma City, OK.
“It is business as usual for Midlands from an operations standpoint, but not from an offerings perspective,” said Duane Hercules, President of Safety National. “Midlands’ customers will continue working with their existing Midlands’ contacts, however, they will gain access to new products and services backed by an A+ rated carrier. In turn, Safety National gets the opportunity to offer its market-leading products and services to an expanded audience. We are enthusiastic about our future together.”
Safety National is a leading specialty insurance and reinsurance provider. Serving thousands of customers nationwide for over 75 years, the Company offers specialized expertise, flexible program and placement design, and unique claims proficiency. Safety National is a member of the Tokio Marine Group and is rated A+ (Superior), FSC XV by A.M. Best. Learn more at .
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CONTACT: Christie Tucci
Director of Communications
KEYWORD: UNITED STATES NORTH AMERICA MISSOURI OKLAHOMA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE
SOURCE: Safety National
Copyright Business Wire 2019.
PUB: 01/02/2019 01:05 PM/DISC: 01/02/2019 01:05 PM