As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will “actively reduce the business immediately,” and non-renew …
Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an estimated 6.1 million customers and employees. The …
Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings. Driving the deal: Growth potential among Hispanic and other niche markets. Plans …
Specialty insurer Kemper Corp. has entered into an agreement to move its Classic Collectors book of business to specialist Hagerty, a leader in the collector vehicle insurance market, The book of business generated approximately $16 million in annual premium in …
Kimberly A. Holmes has joined Kemper Corp. as senior vice president, chief actuary and strategic analytics officer. Holmes will lead Kemper’s enterprise-wide actuarial and analytics teams. Holmes’ direct reports include the executives who lead the actuarial and data and analytics …
Kemper Corp. said that it estimates that its second quarter 2016 results will include pre-tax catastrophe losses of approximately $52 million. The company said it does not expect to recover any of these losses under its catastrophe reinsurance program. While …
Chicago-based Kemper Corp. announced that effective May 2, Charles T. Brooks will join the company as senior vice president and chief information officer Brooks will be based in Chicago and will report directly to Joseph P. Lacher, Jr., Kemper’s president …
Kemper Corp. disclosed that its CEO plans to retire next year, and the insurance holding company has already begun the process to search for his replacement. Donald Southwell also serves as the Chicago company’s chairman and president. He told Kemper’s …
Kemper Corp. announced that Denise I. Lynch has been named property/casualty group executive effective Dec. 1. She will report directly to Donald G. Southwell, Kemper’s chairman, president and chief executive officer. In her new role, Lynch will be responsible for …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty subsidiary and affiliated insurance companies (P&C Group) of Kemper Corporation. Best also affirmed the FSRs of ‘A-‘ …
