Reinsurance News

Kemper Corporation

AF Specialty names Walter Matthews as VP

21st February 2022

Specialty insurer AF group has promoted its current Managing Director Walter Matthews to the role of Vice President of AF Specialty. Matthews joined the company in 2010, and has held various positions within the Actuarial department, providing oversight of the organisation's actuarial services related to reserving, pricing, underwriting strategies, forecasting and ... Read the full article

Kemper increases excess of loss reinsurance cover for 2022

1st February 2022

Kemper has increased the excess of its loss reinsurance program for this year by a third. The rise, from $225m to $300m, comes from what the insurer says is the ‘increased size of business’. The current program covers losses at 95% of $300m in excess of than $50m. Wrote the insurer in ... Read the full article

Kemper CEO Lacher appointed Chairman as Joyce named Lead Director

6th May 2021

Kemper has announced that its President and Chief Executive Officer (CEO), and current director, Joseph P. Lacher, Jr., will take on the additional role of Chairman the Board, effective immediately. Lacher assumes the position from Robert J. Joyce, who has transitioned from the role of non-executive chairman to independent lead director. Lacher ... Read the full article

Kemper Corp reports net income of $123.2mn

30th April 2021

US insurer Kemper Corporation has reported net income of $123.2 million for its Q1 results compared to $64.0 million, for the year prior. In the first quarter of 2021, net income included a $41.2 million after-tax gain, or $0.62 per diluted share, attributable to the change in fair value of equity ... Read the full article

Kemper wraps up $370mn American Access acquisition

9th April 2021

US insurer Kemper has closed its previously announced acquisition of American Access Casualty Company for a deal valued at around $370 million. The acquisition was first announced in November 2020 and also includes American Access' related captive insurance agency Newins Insurance Agency Holdings and its subsidiaries (collectively known as AAC). AAC ... Read the full article

Kemper’s Q4 income slumps to $98mn

2nd February 2021

US insurer Kemper has reported that it’s net income in the fourth quarter of 2020 was $97.5 million, representing a 22% decrease on the $124.7 million it reported for the same period in 2019. Looking at the full year, Kemper’s 2020 income similarly dropped 23% from $531.1 million to $409.9 million. The ... Read the full article

Kemper adds Ismat Aziz as Chief HR, Administrative Officer

7th January 2021

US insurer Kemper has added Ismat Aziz as Chief Human Resources Officer (CHRO) and Chief Administrative Officer. Aziz will report to Joseph Lacher, Jr., Kemper President and CEO, and will be based at Kemper’s headquarters office in Chicago. She has over 25 years of HR experience, most recently serving at US Bank ... Read the full article

Kemper to acquire American Access in $370mn deal

24th November 2020

US insurer Kemper is set to acquire American Access Casualty, its related captive insurance agency Newins Insurance Agency Holdings, as well as its subsidiaries, in a cash transaction valued at $370 million. The transaction is expected to close in the first quarter of 2021 and is subject to regulatory approval and ... Read the full article

Kemper’s Q3 results show drop in net income

3rd November 2020

US insurer Kemper Corporation has announced its Q3 results which show that net income has dropped to $122.3 million, compared to $129mn in the same period last year. The company's adjusted consolidated net operating income was $90.9 million for Q3 2020, compared to $130.0 million for Q3 2019. However, the insurer's specialty ... Read the full article

Kemper’s Q3 results to include cat losses of up to $68mn

20th October 2020

Kemper Corporation has announced that it anticipates its third quarter 2020 results will include pre-tax catastrophe losses ranging from $62 million to $68 million, primarily related to wildfire and hurricane events. The company notes that it does not expect ... Read the full article

Kemper posts slight rise in Q2 net income

4th August 2020

Kemper Corporation has reported a net income of $126.1 million for the second quarter of 2020, a slight increase from $122.1 million in the prior year quarter. Total revenues for the second quarter decreased $44.5 million to $1,230.9 million, driven by $7 million of lower Specialty P&C earned premiums and a ... Read the full article

Kemper adds Erich Sternberg as president of L&H division

17th March 2020

Specialist insurer Kemper has appointed Erich Sternberg as president of its life and health division. Sternberg was most recently president and Chief executive officer of Starmount Life Insurance Company and Starmount Managed Dental of California, subsidiaries of Unum Group. He will be based in Chicago and report to Joseph P. Lacher, Jr., ... Read the full article

Kemper reports significantly improved Q4 results

11th February 2020

Specialist insurer Kemper has reported net income of $124.7 million for the fourth-quarter of 2019, which represents a significant improvement from the $6.5 million posted for the prior year quarter. Kemper reveals that during Q4 2019, net income included a $30.9 million after-tax gain attributable to the change in fair value ... Read the full article

Kemper elects United Airlines CFO Laderman as director

7th February 2020

US insurer Kemper has announced the appointment of Gerald Laderman as director, effective February 20. Laderman currently serves as Chief Financial Officer and executive vice president of United Airlines, and oversees the development of the firm’s overall financial strategy including cost management, capital allocation and balance sheet optimisation. He brings over 30 ... Read the full article

Kemper appoints Green to lead business development, reinsurance

5th November 2019

US insurer Kemper has appointed Mark Green to oversee business development and reinsurance as executive vice president. Green will continue reporting to Kemper president and Chief Executive Officer Joseph Lacher Jr. as well as leading the firm’s life and health division until a successor is appointed. He has served as president of ... Read the full article