Midlands

Name

Midlands

Website

https://midlandsmgt.com

Company type

Private

Founded year

1990

Operating status

Acquired

Headcount range

101–250 employees

Short description

Midlands Companies are wholly-owned subsidiaries of Safety National (a Tokio Marine Group member) that underwrite excess workers' compensation insurance for self-insured employers, insurance brokers, and Third Party Administrators.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Self-Insured Workers’ Compensation Programs (FSAJAEAD)

akta.pro secondary industries

Employers Liability (Part B) (FSAJAEAC), Managed Workers’ Compensation (Loss Control, Claims & Return-to-Work Programs) (FSAJAEAH)

Keywords

• Excess workers compensation
• Self-insurance solutions
• Workers comp insurance
• Claims management services
• Insurance brokerage support

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Excess Workers' Compensation Insurance Premiums: Midlands Companies generate revenue through insurance premiums for excess workers' compensation coverage. As subsidiaries of Safety National, they provide specialized insurance products to self-insured employers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Midlands Companies underwrite and issue excess workers' compensation insurance policies for self-insured employers, providing coverage above the employer's self-insured retention. The offering includes claims reporting and case mobilization services to assist employers and Third Party Administrators (TPAs) in managing workplace injury cases and ensuring injured workers receive appropriate treatment. Distribution is handled through insurance brokers and direct relationships.

Differentiator

Problem solved

Functional benefit

Products and services

• Excess Workers' Compensation Insurance Specialized excess workers' compensation insurance coverage that sits above a self-insured employer's retention level. Sold to self-insured employers and placed through insurance brokers, with associated claims reporting and case mobilization support for employers and Third Party Administrators (TPAs) to manage workplace injury cases and ensure injured workers receive appropriate treatment.

Quantifiable outcome

• Timely claims reporting allows mobilization of resources to assist employers and TPAs in managing cases and ensuring appropriate treatment for injured workers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Safety NationalcoreStrategic or Co-development PartnerMidlands Companies are wholly-owned subsidiaries of Safety National. Safety National is a leading excess workers' compensation insurance provider and a member of the Tokio Marine Group. This parent-subsidiary relationship provides Midlands with the backing, resources, and stability of a major insurance organization.

Direct peers

• Safety National: Parent company and the leading direct issuer of excess workers' compensation insurance; Midlands Companies essentially operate as a sister entity within Safety National, offering the same core product line to the same self-insured employer and broker customer base.
• AmTrust Financial Services: A specialty P&C insurer with a significant workers' compensation and excess workers' compensation book, serving self-insured employers and TPAs through broker distribution — directly comparable in product mix and target customer.
• ESIS (a Chubb company): Provides workers' compensation claims administration and risk management services to self-insured employers and TPAs, mirroring the claims management and service layer that Midlands emphasizes alongside its issuance activity.

Broad incumbents

• Liberty Mutual Insurance: Major national P&C carrier with a substantial workers' compensation and excess workers' compensation offering; competes with Midlands for the same self-insured employer and broker placements, but as part of a much broader portfolio.
• Chubb: Global multi-line P&C insurer offering workers' compensation and excess coverage to mid-market and large commercial accounts; overlaps with Midlands in target customer and broker channel but operates across many other lines as well.
• The Hartford: Large multi-line carrier with a strong workers' compensation franchise for mid-market and large employers, including excess placements; competes with Midlands in the broker-driven self-insured segment as part of a broader commercial insurance portfolio.
• Travelers: Top-tier U.S. P&C carrier with a workers' compensation and excess workers' compensation offering aimed at mid-market and large commercial accounts; serves the same self-insured employer population through broker channels.
• Zurich Insurance Group: Global multi-line insurer with a North American workers' compensation and excess workers' compensation presence; overlaps with Midlands in serving large self-insured employers through broker distribution.
• AIG (American International Group): Major global P&C insurer with a workers' compensation and excess WC book targeting large commercial and self-insured accounts; competes with Midlands in the same broker-driven excess placement market.

Others

• Tokio Marine HCC: A Tokio Marine Group affiliate offering specialty insurance and reinsurance including workers' compensation solutions; comparable through shared parent group ownership and adjacent specialty risk offerings rather than direct product overlap.

Market position

Customer concentration

• Xx.com/BeyondCoverage

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Midlands