Kemper Insurance Companies announced that its Alternative Markets unit has joined the Kemper Alternative Risk business unit, strengthening the unit’s alternative risks resources by increasing its underwriting expertise and service capabilities.
According to Kemper, this addition advances the company’s focus on captives, targeted homogeneous workers’ compensation program business and other alternative market products. The unit will also assist in development of products such as agency captives.
The addition creates a Connecticut branch, led by John Diem, senior vice president of KAR. Kemper Alternative Risks provides multi-line, non-Fortune 500 captive programs and services, reinsurance partnered accounts, program alternatives and selected homogeneous accounts, risk securitzation and international reverse flow coverages and services. KAR has offices in Chicago, Long Grove, New York, Connecticut and Bermuda.