Insurance carrier Safety National Casualty Corporation has acquired Midlands Management Corporation.
Midlands Management is a managing general agent, wholesale broker, program administrator, and insurance provider specializing in excess workers’ compensation.
Following the transaction, Midlands Management 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 Safety National CEO Mark Wilhelm. “Safety National is gaining a specialty MGA with a successful long-term track record, proven leadership and a talented team of customer-focused employees.”
“As a result of this acquisition, Midlands’ customers will gain exclusive access to new products and services backed by an A+ rated carrier,” stated Midlands Management CEO Charles Caldwell in another statement. “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.”
Both Safety National’s and Midlands’ executive teams remain intact following the acquisition, and the day-to-day operations of both will also be unaffected. No changes to the personnel of either company will be made, and Midlands’ headquarters in Oklahoma City, OK will continue to operate.
