Reinsurance News
Kemper Corporation
Kemper appoints Bradley Camden as new EVP and CFO
14th February 2024
Kemper Corporation has announced the promotion of Bradley Camden to the position of Executive Vice President (EVP) and Chief Financial Officer (CFO), transitioning from his role as Interim CFO since last September. In his new capacity, Camden will report directly to Joseph Lacher, Jr., Kemper’s President, CEO, and Chairman. Expressing confidence ... Read the full article
Kemper posts net income of $51.4m in Q4’23 vs year-ago loss
2nd February 2024
Kemper Corporation has reported a net income of $51.4 million for the fourth quarter of 2023, compared to a net loss of $53.3 million for the fourth quarter of 2022. Total revenues for Q4'23 decreased $187.4 million, or 13.6 percent, to $1,187.2 million, compared to the fourth quarter of 2022, mostly ... Read the full article
Kemper expecting to report Q4 adjusted net operating income of $45m-$55m
26th January 2024
In its preliminary results for the fourth quarter of 2023, Kemper has announced an estimated net income and adjusted consolidated net operating income between $45 million and $55 million. According to the firm, net income includes approximately $15 million of after-tax net realized gains on investments offset by approximately $14 million ... Read the full article
Kemper reports net loss of $146.3m in Q3’23
31st October 2023
Kemper Corporation has reported a net loss of $146.3 million for the third quarter of 2023, compared to a net loss of $74.8 million for the third quarter of 2022. Net loss for Q3'23 included a $55.5 million after-tax non-cash charge related to the termination of Kemper’s remaining pension plan obligations, ... Read the full article
Kemper anticipates net loss of $150m in preliminary Q3 results
24th October 2023
In its preliminary results for Q3 of 2023, Kemper has announced an estimated net loss between $140 million and $150 million and an estimated adjusted consolidated net operating loss between $25 million and $35 million. According to the firm, net loss for Q3 includes an estimated $56 million after-tax non-cash charge ... Read the full article
Bradley T. Camden to serve as Interim CFO of Kemper
15th September 2023
US-based insurer Kemper Corporation has appointed Bradley T. Camden, its Senior Vice President and Treasurer, as Interim Chief Financial Officer (CFO) effective immediately. In the role, Camden will report to Joseph P. Lacher, Jr., Kemper’s President, CEO and Chairman. At the same time, he replaces James J. McKinney, who will serve as ... Read the full article
Kemper names Christopher Flint as President of Kemper Life
14th August 2023
Kemper Corporation has announced the appointment of Christopher Flint as the new President of Kemper Life, effective immediately. Flint's addition to the team was officially revealed today by Joseph P. Lacher, Jr., Kemper’s President, CEO, and Chairman. Flint's responsibilities will include reporting to Lacher and contributing to the strategic direction of Kemper ... Read the full article
Kemper to exit preferred home/auto market, reports $16.9mn Q2 operating loss
8th August 2023
US insurer Kemper Corporation has announced it is exiting the preferred home and auto insurance market, while also reporting an improved net operating loss of $16.9m in the second quarter of 2023, compared to the $37.2m reported in the same period last year. Kemper’s exit of its preferred business will enable ... Read the full article
Kemper reports smaller net loss in Q1’23
9th May 2023
Kemper Corporation has reported a net loss of $80.1 million for the first quarter of 2023, compared to a net loss of $86.3 million in Q1 2022. Total revenues for Q1 of 2023 decreased $75.3 million, or 5.5%, to $1,294.8 million, compared to the first quarter of 2022, mostly driven by ... Read the full article
Kemper reports a net loss of $76.2m in Q3
3rd November 2022
Kemper Corporation has reported a net loss of $76.2 million for the third quarter of 2022, compared to a net loss of $75.3 million for the third quarter of 2021. Total revenues for Q3 of 2022 decreased $67.0 million, or 5%, to $1,377.6 million, compared to Q3 of the previous year, ... Read the full article
Kemper anticipates cat losses between $20-30m for Q3
24th October 2022
Kemper Corporation has reported it anticipates its Q3 2022 results will include pre-tax catastrophe losses ranging from $25m to $30m, primarily related to Hurricane Ian. The company notes that it does not expect to recover any of these losses under its reinsurance programs. Nor does it anticipate adverse prior-year development. Kemper ... Read the full article
AM Best downgrades Kemper on earnings deterioration
12th August 2022
A prolonged deterioration in the earnings of Kemper P&C and Kemper Corp last year and into 2022 is the reason given by AM Best for its decision to downgrade the firms’ Financial Strength Ratings (FSR). AM Best said in a statement that it was downgrading the FSRs for all P&C subsidiaries ... Read the full article
Kemper reports $74mn net loss in Q2 results
10th August 2022
Kemper Corporation has reported a net loss of $74.7 million for the second quarter of 2022, compared to a net loss of $62.6 million from the second quarter of 2021. Total revenues for the quarter decreased $68.7 million (5%), to $1,433.8 million, compared to the second quarter of 2021, driven by ... Read the full article
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