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 alternative risk offerings and will increase The Hartford’s share of this specialized market,” Greg Berg, head of alternative markets, The Hartford, commented.
David Mathis, Kemper chairman and CEO, noted, “This transaction is another in a series of steps Kemper is taking to become primarily a standard commercial lines insurance provider. While we’ve experienced success in our alternative risks business, it no longer fits with our strategy.”
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
KPMG Australia to Fire Hundreds of Workers as Crisis Deepens 
Death of Irish Teens in Crash Prompts Social Media Warning 
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US 
Four Patients Affected, One Paralyzed, After Drug Mix-Up at Nashville Hospital 
