Reinsurance News
Kemper Corporation
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
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
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