Midlands Management Corporation Acquired by Safety National Casualty Corporation
OKLAHOMA CITY--(BUSINESS WIRE)--Jan 2, 2019--Midlands Management Corporation, a managing general agent, wholesale broker, program administrator and insurance services provider, has been acquired by Safety National Casualty Corporation, a multi-line specialty insurance carrier that offers risk solutions for large commercial and public entity clients. 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.
“As a result of this acquisition, Midlands’ customers will gain access to new products and services backed by an A+ rated carrier,” said Charles Caldwell, CEO of Midlands Management Corporation. “I want to assure our customers that it is business as usual and your Midlands’ contacts will not change. We will be operating the same today as yesterday, but with access to world-class services and enhanced financial security.”
Safety National’s and Midlands’ executive teams remain intact and the acquisition has no effect on day-to-day operations. There are no plans to make any personnel changes and Midlands’ headquarters will remain in Oklahoma City, OK.
“This acquisition offers considerable opportunity for both companies,” said Safety National’s CEO Mark Wilhelm. “Safety National gains access to new markets and Midlands attains access to market-leading resources and significant financial security. Both companies are entering into a mutually-beneficial business relationship and we are committed to a smooth transition.”
Midlands Management Corporation is a leader in the wholesale brokerage and insurance services industries, with specialty in work injury benefits, especially excess workers’ compensation, Texas non-subscriber and occupational accident. Shaped by values and backed by expertise, Midlands offers superior program management capabilities and innovative insurance solutions. Find out more at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005052/en/
CONTACT: Mandee Wilson
Midlands Management Corporation
KEYWORD: UNITED STATES NORTH AMERICA OKLAHOMA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE
SOURCE: Midlands Management Corporation
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PUB: 01/02/2019 01:00 PM/DISC: 01/02/2019 01:01 PM