Reinsurance News
Kemper Corporation
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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