The Kemper Insurance Companies announced that the parties have discontinued negotiations toward a definitive agreement relating to a sale of certain lines of Kemper’s existing business as contemplated by its previously announced letter of intent with Securitas Capital, LLC, Cypress Merchant Banking Partners II L.P. and Gilbert Global Partners L.P.
Kemper is currently evaluating its options with respect to this business and is also considering what effect this development may have on its outstanding surplus notes tender offer.
Was this article valuable?
Here are more articles you may enjoy.
World’s Growing Civil Unrest Has an Insurance Sting 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
