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Kemper Corporation

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

Kemper appoints Chief Actuary & Strategic Analytics Officer

7th February 2019

U.S insurer Kemper Corporation has announced the appointment of Kimberly A. Holmes as Senior Vice President (SVP), Chief Actuary and Strategic Analytics Officer, effective immediately. Holmes has more than 25 years’ experience in re/insurance, actuarial functions and advanced analytics, and joins Kemper from AXA XL, where she most recently served as ... Read the full article

Kemper transfers more than half of Q4 cat losses to reinsurers

14th January 2019

U.S insurer Kemper Corporation has estimated that its fourth quarter 2018 results will include pre-tax catastrophe losses of $25 million to $30 million, net of reinsurance. Kemper's catastrophe aggregate reinsurance program is expected to absorb between $30 million to $35 million of the company's losses for the quarter. 2018 was the first ... Read the full article

Kemper to acquire Infinity in $1.4 billion merger deal

14th February 2018

Kemper Corporation has entered into a merger agreement to acquire auto insurer Infinity Property and Casualty Corporation in a cash and stock transaction, valued at approximately $1.4 billion. The implied total consideration is about $1.3 billion, or $121.01 per Infinity share. Infinity is a provider of auto insurance focused on serving the ... Read the full article

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