The St. Paul Companies has purchased the right to seek renewal of certain existing commercial insurance business written by the Kemper Insurance Companies in the United States.
Under the agreement, The St. Paul will obtain the right to seek to renew a broad portfolio of property-liability insurance. The St. Paul is not assuming any liabilities of Kemper or its affiliates.
“The St. Paul is a major provider of commercial insurance, and the incremental business we expect to write as a result of this transaction complements our current book and deepens our relationship with our distribution partners,” said Marita Zuraitis, chief executive officer-Commercial Lines.
Mike Miller, chief executive officer-Specialty Commercial, added, “A number of key Kemper professionals will be joining The St. Paul and will work with us to ensure a smooth transition for customers as well as agents and brokers.”
The portfolio of business involved in the transaction includes the following lines: small commercial, middle market commercial, inland and ocean marine, and architects’ and engineers’ professional liability.
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