Latest Kemper Headlines
All the headlines from our Kemper Topic Page, ordered by recency.
CIGA Inks Five Year Deal with Kemper Services
Mar 31 2003 // The California Insurance Guarantee Association (CIGA) has signed a five year, claim services contract with Kemper Services, according to Patricia Drago, president of Kemper Services. “Our contract with CIGA is a big...
S&P’s Lowers Kemper Cos. Ratings; Keeps on Watch Negative
Mar 27 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool (Kemper pool) to ‘B-‘ from ‘B+’. In...
Kemper on CW Neg
Mar 24 2003 // Standard & Poor’s Ratings Services placed its “BB+” counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool on CreditWatch with negative...
Kemper Subsidiary Names New Finance VP
Mar 13 2003 // Mike McClure has been named to the newly created position of vice president of finance and strategic development for NATLSCO Inc., the service platform of Kemper Insurance Cos. Kemper recently announced it was combining...
Kemper on CW Neg
Mar 10 2003 // Standard & Poor’s Ratings Services placed its “BB+” counterparty credit and financial strength ratings for the members of the Kemper Insurance Cos. Intercompany Pool on CreditWatch with negative...
Ratings Agencies All Cut Kemper
Mar 5 2003 // On news of Kemper Insurance Cos. $312 million net loss in 2002, Fitch, Standard & Poor’s and Moody’s all lowered the company’s ratings. Kemper announced it has sold its middle-market lines of...
Kemper’s A.M. Best Rating Lowered to ‘B’
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating of Long Grove, Ill.-based Kemper Insurance Cos. to “B” (fair) from “B+” (very good). The rating remains under review with negative...
Kemper Notes Plans to Sell Businesses to New Venture
Mar 4 2003 // The Kemper Insurance Companies announced plans to sell certain lines of its existing businesses to a new company being capitalized by private equity funds managed by Securitas Capital, LLC, a private equity investment firm...
Kemper Subsidiary Lost $205 Million in 2002
Mar 3 2003 // The Lumbermens Mutal Casualty Co., the largest subsidiary of Chicago-based Kemper Insurance Cos., has reported a $205 million loss for 2002 with the Illinois Department of Insurance, a Kemper spokesperson has...
A.M. Best Lowers Kemper Cos. Ratings
Mar 3 2003 // A.M. Best Co. has lowered the financial strength rating to B (Fair) from B+ (Very Good) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, 10 reinsured affiliates and one domestic...
Kemper Completes Renewal Rights Agreement with Arch Group on Surety Business
Feb 27 2003 // The Kemper Insurance Companies announced it has reached an agreement in principle to sell the renewal rights to its surety business to Arch Insurance Group, a division of Arch Capital Group Ltd. Kemper’s agreement...
S&P’s Places Kemper ‘BB+’ Ratings on CreditWatch Neg
Feb 18 2003 // Standard & Poor’s has placed its ‘BB+’ counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. Intercompany Pool on CreditWatch with negative implications...
Kemper Bids Adieu to 325 More Workers
Feb 11 2003 // Long Grove, Ill.-based Kemper Insurance Cos., parts of which ratings agencies have downgraded several times in recent weeks, is laying off another 325 workers, according to the Chicago Tribune. Kemper has laid off about...
AXIS to Acquire Renewal Rights to Kemper’s D&O Business
Jan 31 2003 // Bermuda-based AXIS Capital Holdings Limited and the Kemper Insurance Group announced that AXIS’ U.S. subsidiary has agreed to acquire the renewal rights to the D&O and related product lines written by...
AXIS to Purchase Renewal Rights to Kemper’s D&O Business
Jan 30 2003 // Bermuda-based AXIS Capital Holdings Limited announced that its U.S. subsidiary has agreed to acquire the renewal rights to the D&O and related product lines written by Kemper’s Financial Insurance Solutions...
Disquieting Developments at Kemper/Lumbermens Mutual
Jan 27 2003 // Even being in business for over 90 years doesn’t seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermens Mutual Casualty Company, a leading...
Disquieting Developments at Kemper/Lumbermens Mutual
Jan 27 2003 // Even being in business for over 90 years doesn’t seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermens Mutual Casualty Company, a leading...
Kemper, Argonaut Reach Deal on Bundled Large Risk National Accounts
Jan 23 2003 // The Kemper Insurance Companies has reached a definitive agreement to sell the renewal rights to its bundled large risk national accounts to Argonaut Insurance Company, a member of Argonaut Group, Inc., a national...
The Hartford Acquires Renewal Rights to Kemper’s Alternative Risk Programs
Jan 16 2003 // The Hartford Financial Services Group has purchased renewal rights to a significant portion of the Kemper Insurance Companies group captives business. “The Kemper captives are similar to The Hartford’s existing...
Kemper Makes Renewal Deal with Old Republic for Large Risk National Accounts
Jan 15 2003 // The Kemper Insurance Companies has reached a definitive agreement to sell the renewal rights to a significant number of its large risk national accounts to Old Republic Insurance Company, a wholly owned subsidiary of Old...
