Safety Insurance Group, Inc. Announces Executive Changes
February 24, 2021 at 09:10 pm
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Safety Insurance Group, Inc. announced On February 24, 2021, David K. McKown, a member of the Company’s Board of Directors, communicated his intention to resign at the end of his current term, which is the next annual meeting on May 19, 2021. Mr. McKown has been a member of the Company’s Board of Directors since June of 2002. On February 24, 2021, Glenn R. Hiltpold, 50, was appointed the Company’s Vice President of Actuarial Services, effective March 1, 2021. Mr. Hiltpold, a Fellow of the Casualty Actuarial Society, has held the Director of Actuarial Services position with the Company since 2004 and has been an employee of the Company for 21 years. Mr. Hiltpold and the Company executed a one-year employment contract, to be renewed annually on approval from the Board of Directors, at an annual compensation of $250,000 with benefits comparable to other officers of the Company. The foregoing is a summary only and does not purport to be a complete description of all of the terms, provisions, covenants and agreements contained in the employment contract. There are no family relationships between Mr. Hiltpold and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Additionally, there have been no transactions involving Mr. Hiltpold that would require disclosure under Item 404(a) of Regulation S-K.
Safety Insurance Group, Inc. is a provider of private passenger automobile, commercial automobile, and homeownersâ insurance in Massachusetts. In addition to these coverages, it offers a portfolio of a portfolio of other insurance products, including dwelling fire, umbrella, and business owner policies. Its product line includes private passenger automobile, commercial automobile, homeowners, business owner policies, personal umbrella, dwelling fire, commercial umbrella, inland marine, and Watercraft. Private passenger automobile and commercial automobile polices provide coverage for bodily injury and property damage to others, no-fault personal injury coverage, and physical damage coverage for an insured's own vehicle for collision or other perils. Homeowners write policies on homes, condominiums, and apartments. Inland marine provides additional coverage for jewelry, fine arts, and other items that a homeowner. Business owner policies serve small and medium-sized commercial accounts.
SAFETY INSURANCE GROUP, INC. 
