January 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 Property & Casualty Group. AM Best …
July 2, 2018
Chicago-based insurer Kemper Corp. has closed on its $1.6 billion acquisition of Birmingham-based nonstandard auto insurer Infinity Property and Casualty Corp. The stock portion of the cash and stock deal announced in February was based on Kemper’s closing stock price …
June 1, 2018
Kemper Corp. and Infinity Property and Casualty Corp.reported that the companies’ respective shareholders approved proposals related to the agreement announced in February under which Kemper will acquire Infinity. According to the companies, the proposals received overwhelming shareholder support, with more …
February 20, 2018
Birmingham, Ala.-based Infinity Property and Casualty were bought for $1.4 billion. Kemper Corp. acquired the auto insurance provider in a cash and stock transaction, making it one of the largest nonstandard auto insurers in the country, Al.com reported. The merger …