Latest Kemper Headlines
All the headlines from our Kemper Topic Page, ordered by recency.
Fitch Downgrades Kemper’s Trinity Universal P/C Subsidiary
Aug 17 2023 // Fitch Ratings said it has downgraded the financial strength rating of Kemper Corp’s Trinity Universal Insurance Company to A- (Strong) from A. Trinity Universal of Jacksonville, Florida is Kemper Corp.’s lead...
Kemper Exits Preferred Home and Auto Business Immediately
Aug 8 2023 // 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...
Kemper Eyes Rate Hikes, Agency Cancellations to Regain Footing After Q4 Fall
Feb 3 2022 // Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled fourth quarter financial results. Kemper Corp. reported a net loss of $105.8 million...
Kemper $17.6M Data Breach Settlement Wins Preliminary Court Approval
Oct 28 2021 // Kemper Insurance has won preliminary approval of its $17.6 million proposal to settle a class action stemming from two data breaches. Judge Martha M. Pacold of the federal court for the Northern District of Illinois on...
Kemper Proposes $17.6M Settlement of Data Breach Claims
Oct 18 2021 // 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...
People Moves: Lockton Transactional Team; Marsh Counsel; Kemper Chairman; BMS Re CFO; AgriSompo North America
May 21 2021 // Lockton is bolstering its transaction liability team with key hires across the three transaction liability insurance product lines: Representations and Warranties Insurance, Tax Liability Insurance and Contingent Liability...
Kemper Completes Acquisition of Illinois’ American Access Casualty
Apr 5 2021 // Kemper Corp. has closed its previously announced acquisition of Downers Grove, Illinois-based American Access Casualty Co. and its related captive insurance agency, Newins Insurance Agency Holdings LLC, and its...
AM Best Upgrades Credit Ratings of Kemper P/C Group and Its Subsidiaries
Jan 29 2021 // AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a-” of the property/casualty...
Kemper Corp. in Chicago Adds Aziz as Chief Human Resources Officer
Jan 7 2021 // Ismat Aziz has joined insurer Kemper Corp. as chief human resources officer (CHRO) and chief administrative officer, based in Chicago. Aziz will report to Kemper President and CEO Joseph P. Lacher, Jr. She will be...
Kemper to Acquire American Access Casualty in Illinois for $370M
Nov 23 2020 // Specialty insurer, Kemper Corp., has agreed to acquire American Access Casualty Co, and its related captive insurance agency, Newins Insurance Agency Holdings LLC, and its subsidiaries (collectively “AAC”). AAC...
Kemper to Pay $370M for Specialty Insurer Focused on Hispanic Market
Nov 23 2020 // 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...
Kemper Reports $122.3M in Net Income During Q3
Nov 4 2020 // Kemper Corp.’s Q3 net income dipped slightly, though that decline would have been worse if not for after-tax gains in assessments and investments. The company reported $122.3 million in net income during the 2020...
AM Best Revises Outlooks to Positive for Kemper Group
Jan 27 2020 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the Chicago-based...
Kemper Gains $142 Million Arbitration Award Against Computer Firm
Jan 13 2020 // The U.S. Court of Appeals for the Fifth Circuit has upheld a $141.7 million arbitration award in favor of the Kemper Corp. subsidiary, Kemper Corporate Services, against Computer Sciences Corp. A decision of the...
Kemper Moving $16 Million of Collector Vehicle Business to Hagerty
Jul 10 2019 // 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...
BIG Independent Group Awards 2019 “BIGGIES” at convention
May 15 2019 // Ontario, CA, May 15, 2019 – The BIG Independent Group, a leading association of independent agent and brokers, was pleased to bestow its BIGGIE Awards for the 10th year in a row. The 2019 awards, distributed at the...
People
Apr 1 2019 // National Ironshore Specialty Casualty has appointed Casey Hartley as senior vice president and head of programs. She will oversee the development, marketing and distribution of programs lines, working with programs...
AXA XL’s Holmes Joins Kemper as Chief Actuary, Strategic Analytics Officer
Feb 5 2019 // 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...
Kemper’s Strong Third Quarter Includes Infinity Results
Nov 5 2018 // Kemper Corp. reported net income of $92.2 million for the third quarter of 2018, compared to $47.7 million for the third quarter of 2017. As adjusted for the acquisition in the quarter of nonstandard auto insurer Infinity,...
Business Moves
Jul 16 2018 // Marsh, Wortham Insurance Global insurance broker Marsh is acquiring Houston-based Wortham Insurance. Terms of the transaction, which is expected to close in the third quarter of 2018, were not disclosed. Founded in 1915,...
