Safety National

Name

Safety National

Legal name

Safety National Casualty Corporation

Website

https://safetynational.com

Company type

Private

Founded year

1942

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Specialty Insurance and Reinsurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Reinsurance Carriers (524130), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)

akta.pro primary industry

Workers’ Compensation Insurance (FSAJAKAM)

akta.pro secondary industries

Workers’ Compensation for High-Hazard & Specialty Trades (FSAJAEAF), Workers’ Compensation Treaty Reinsurance (FSAOAEAJ), Casualty Treaty Reinsurance (FSAOAEAD), Employer’s Liability (FSAJADAE)

Keywords

• Excess workers compensation
• Specialty insurance carrier
• Reinsurance solutions
• Large casualty coverage
• Risk management services

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Specialty Insurance Premiums: Safety National generates revenue primarily through specialty insurance premiums, offering excess workers' compensation, deductible casualty, commercial auto and general liability, cyber risk, opt-out alternatives, and loss portfolio transfers. The company also provides reinsurance solutions through Safety National Re, offering lead market terms for workers' compensation excess of loss products and casualty programs.
2. Reinsurance Premiums: Safety National Re generates revenue through treaty reinsurance premiums, offering lead market terms for workers' compensation excess of loss products, casualty clash and contingency programs, general casualty programs with significant workers' compensation exposure, and specialty casualty programs including medical and non-medical professional liability.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Safety National is a specialty insurance and reinsurance carrier offering excess workers' compensation, large casualty programs combining large-deductible workers' compensation with commercial auto and general liability, cyber risk coverage, loss portfolio transfers, public entity multi-line programs, and construction coverage for large self-insured employers, public entities, and contractors. Through Safety National Re and its wholly-owned subsidiaries, the company also provides treaty reinsurance for workers' compensation excess of loss, casualty clash, professional liability, and specialty casualty lines.

Product overview

Safety National is a multi-line specialty insurance and reinsurance carrier offering a comprehensive portfolio of products through a platform-plus-modules architecture. Core products include Excess Workers' Compensation (the foundational offering since 1942), Large Casualty Program (combining large deductible workers' comp, commercial auto, and general liability), Cyber Risk Insurance, Loss Portfolio Transfer, and Public Entity Programs. The Safety National Re sub-brand provides treaty reinsurance across casualty, professional liability, and workers' compensation lines. Supporting modules include MAP Client Services (risk control resources), Claims Services (workers' compensation and liability claims handling with Medical Management), Crisis Protection, Risk Resources Network, and the Safety First Grant Program. Acquired brands include Safety Specialty Insurance Company (excess and surplus) and Midlands Companies (MGA/wholesale broker specializing in excess workers' comp). The company maintains A.M. Best A++ (Superior) and S&P A+ ratings and operates as a wholly-owned subsidiary of Tokio Marine Group.

Differentiator

Problem solved

Functional benefit

Brands

• Safety Specialty Insurance Company: Excess and surplus lines insurance company formed in 2016, providing form and coverage flexibility for new product development with initial focus on public entity multi-line program.
• Midlands Companies
• Safety National Re

Products and services

• Excess Workers' Compensation
• Large Casualty Program
• Cyber Risk Insurance
• Loss Portfolio Transfer
• Public Entity Program
• Construction Coverage
• Defense Base Act (DBA) Coverage
• Multinational Casualty
• Self-Insurance Bonds
• Large Guaranteed Cost Workers' Compensation
• Captives
• Safety National Re - Workers' Compensation Reinsurance
• Safety National Re - Casualty Reinsurance
• Safety National Re - Professional Liability Reinsurance
• Safety Specialty Insurance Company
• Midlands Companies

Quantifiable outcome

• Reimbursement checks typically delivered in 10 days or less
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability6 records

Feature3 records

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• AmTrust Financial Services: Specialty property and casualty insurer with a major workers' compensation book, including small and mid-market and self-insured segments. Closely comparable to Safety National's excess workers' comp and casualty focus, though distributed more broadly and at smaller account sizes.
• AF Group (Accident Fund Holdings): Workers' compensation specialist carrier serving employers, groups, and public entities with a multi-state presence. Direct competitor in excess and large-deductible workers' compensation with similar self-insured employer target market.
• Everest Group: Global reinsurance and insurance provider with significant workers' compensation treaty and casualty reinsurance capabilities. Closely comparable to Safety National Re on the reinsurance side, with overlapping casualty treaty product lines.
• Munich Re: One of the world's largest reinsurers, active in workers' compensation treaty and casualty reinsurance globally. Comparable to Safety National Re on reinsurance underwriting scale, expertise in catastrophic claims, and medical cost containment.

Broad incumbents

• Tokio Marine HCC: Sister company within Tokio Marine Group, focused on specialty insurance including professional liability, surety, and credit. Comparable as a Tokio Marine specialty platform; serves the same ultimate parent and overlaps in casualty and specialty lines.
• Berkshire Hathaway Specialty Insurance: Specialty insurance arm of Berkshire Hathaway writing large commercial accounts across casualty, healthcare, and executive lines. Competes for the same large self-insured employer and broker-distributed specialty business as Safety National.
• Zurich North America: Large multi-line commercial insurer with a meaningful workers' compensation and casualty book serving middle-market and large accounts. Comparable distribution through brokers and similar specialty large-deductible offerings.
• The Hartford: Major commercial lines insurer with a strong workers' compensation franchise for middle-market and large employers, distributed through brokers. Overlaps with Safety National in workers' comp, commercial auto, and general liability for large self-insured accounts.

Others

• RPS (Ryan Specialty): Specialty insurance wholesale broker and MGA providing distribution for excess and surplus casualty, including workers' compensation. Comparable as a channel partner/adjacent — sits between carriers like Safety National and retail brokers in the same specialty distribution ecosystem.
• ESIS (Chubb subsidiary): Third-party administrator and claims services provider for workers' compensation, liability, and specialty lines. Adjacent rather than directly competitive — relevant peer for Safety National's claims services and TPA collaboration model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/safetynational
• YouTubeyoutube.com/safetynationalcc
• LinkedInlinkedin.com/company/safety-national

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Safety National