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Safety Insurance Group (SAFT) has provided an announcement.
Mary F. McConnell, with a history at the company since 2006 and most recently serving as Director of Product Management, has been appointed Vice President of Underwriting, effective July 1, 2024. She steps into the role following James D. Berry’s retirement announcement, bringing with her a wealth of experience. McConnell’s initial contract offers a $240,000 annual salary with benefits on par with her fellow officers, subject to annual renewal by the Board of Directors. Notably, McConnell has no familial ties to company leadership nor any disclosable financial dealings that could pose a conflict of interest.
For an in-depth examination of SAFT stock, go to TipRanks’ Stock Analysis page.