Safety Insurance Group, Inc. announced the retirement of David F. Brussard and the appointments of Charles J. Brophy III and Dennis J. Langwell, effective May 17, 2023, at the upcoming annual meeting of stockholders. On April 5, 2023, Mr. Brussard, the current Chairperson of the Board, informed the Company of his intention to retire from the Board of Directors at the end of his term, and not seek re-election at the Annual Meeting. Mr. Brussard served as the President and Chief Executive Officer from 2001 until his retirement in March of 2016.

With the retirement of Mr. Brussard, the Board of Directors has elected Mr. Murphy to serve as the Chairman of the Board, effective May 17, 2023, in addition to continuing as CEO and President. On April 5, 2023, the Board of Directors voted to expand the Board to eight members. With the appointments of two new members, Mr. Brophy and Mr. Langwell, the Board of Directors continues the Company's previously announced refreshment process.

As of the 2023 Annual Meeting, six of the Company's eight directors will have joined the Board within the past five and a half years. Mr. Brophy joins the Board with over 30 years of experience in the insurance industry. He currently serves as the Regional President (US East) of HUB International and has extensive commercial and personal sales development and management experience.

The 2016 Massachusetts Insurance Professional of the Year, Mr. Brophy has led significant growth at HUB International, New England and has led numerous acquisitions of independent agencies and other service entities that add to the products and offerings available to its clients. Mr. Langwell joins the Board after over 25 years with Liberty Mutual Insurance, a Fortune 100 company, where he held various executive, strategic, and financial positions, until his retirement in 2021. His most recent position was Vice Chairman of Insurance Operations.

Prior to that he was the President of Global Risk Solutions where he led the company's $15 billion global commercial insurance business. He also previously served as Executive Vice President and Chief Financial Officer of the overall Liberty Mutual organization from 2003 to 2018. As CFO, he guided strategy to ensure financial stability and profitability and oversaw nearly 20 acquisitions that assisted the organization in achieving significant premium growth.

Charles J. Brophy is the Regional President (US East) of HUB International. He has over 30 years of experience in the insurance industry and has extensive commercial and personal sales development and management experience. Mr. Brophy joined HUB International when the company acquired C.J McCarthy agency, an independent New England insurance agency.

Over his 22 years with HUB International, he has led significant growth from an agency with commission revenue of $12 million and 50 employees into their current insurance agency with over $225 million in commission revenue and 800 employees operating in Massachusetts, Connecticut, Maine, Rhode Island and Vermont. Mr. Brophy has been involved in numerous acquisitions of independent agencies and other service entities that add to the products and offerings that HUB International makes available to its clients. Prior to joining HUB International, Mr. Brophy was a director at Bain Hogg Robinson, LLC and began his career in commercial lines underwriting with the Travelers Insurance Company.

Mr. Brophy was the 2016 Massachusetts Insurance Professional of the Year and has served on various Advisory Councils for the Hartford Insurance Group, Arbella Mutual Insurance, and Hanover Insurance Group. He is also a board member at the Insurance Library Association of Boston. Dennis J. Langwell served as President of Global Risk Solutions in addition to Executive Vice President and Chief Financial Officer at Liberty Mutual Insurance.

As CFO, he guided strategy to ensure financial stability and profitability and oversaw nearly 20 acquisitions that assisted the organization in growing their premium from $15 billion to $42 billion. In addition to leading Liberty's corporate accounting and reporting, he was active in the organization's reinsurance purchasing, corporate actuarial, taxes and merger and acquisition areas. He collaborated with the board of directors on a range of topics including the creation of a framework for a risk committee that leveraged the organizations Enterprise Risk Management function.

Mr. Langwell began his career with KPMG and has over 38 years of insurance and finance experience at different carriers. Mr. Langwell serves as a trustee for Providence College, where he received his Bachelor of Science in Accounting. Mr. Langwell qualifies as an Audit Committee Financial Expert as defined by the U.S. Securities and Exchange Committee rules.