The Kemper Corporation (NYSE:KMPR) announced that it is exiting the preferred home and auto insurance market, sold through its Kemper Personal Insurance brand, and will actively reduce the business immediately, with all policies being non-renewed or canceled in accordance with applicable state regulations. Kemper was the 11th largest private passenger auto insurer in the U.S. […]
Kemper Completes Acquisition of American Access
Kemper Corporation (NYSE: KMPR) announced today that it has closed its previously announced acquisition of American Access Casualty Company (AAC) and its related captive insurance agency, Newins Insurance Agency Holdings, LLC, and its subsidiaries. AAC provides specialty private passenger auto insurance in Arizona, Illinois, Indiana, Nevada and Texas. Pursuant to the terms of the acquisition […]
Kemper to Acquire American Access for $370 Million
Kemper Corporation (NYSE: KMPR) announced that it has an agreement to acquire American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings, LLC, and its subsidiaries (AAC), in a cash transaction valued at $370 million. The transaction is expected to close in the first quarter of 2021, subject to regulatory approval […]
Matthew Hunton Named President of Kemper Auto Insurance
Kemper Corporation (NYSE:KMPR) announced that Matthew A. Hunton has joined the company as President of Kemper Auto, Kemper’s specialty personal and commercial auto lines, effective today. Hunton will report to Duane Sanders, President of Kemper’s Property & Casualty Division, and will be based in Kemper’s Chicago headquarters office. “Matt has extensive experience and demonstrated success […]
FTC Clears Kemper to Acquire Infinity in $1.4 Billion Transaction
The Federal Trade Commission issued an early termination notice in its review of the Kemper Corporation (NYSE:KMPR) acquisition of Infinity Property and Casualty Corporation (NASDAQ: IPCC) In February the two insurers announced that they have entered into a merger agreement under which Kemper will acquire Infinity in a cash and stock transaction valued at approximately […]