Kemper Corp. News

Kemper Completes Acquisition of Specialty Auto Insurer Infinity P&C

Chicago-based insurer Kemper Corp. has closed on its $1.6 billion acquisition of Birmingham-based nonstandard auto insurer Infinity Property and Casualty Corp. The stock portion of the cash and stock deal announced in February was based on Kemper’s closing stock price …

Kemper, Infinity Shareholders Approve Merger

Kemper Corp. and Infinity Property and Casualty Corp.reported that the companies’ respective shareholders approved proposals related to the agreement announced in February under which Kemper will acquire Infinity. According to the companies, the proposals received overwhelming shareholder support, with more …

Kemper Corp. Acquires Infinity Property & Casualty of Alabama for $1.4B

Birmingham, Ala.-based Infinity Property and Casualty were bought for $1.4 billion. Kemper Corp. acquired the auto insurance provider in a cash and stock transaction, making it one of the largest nonstandard auto insurers in the country, Al.com reported. The merger …

Kemper to Acquire Nonstandard Auto Insurer Infinity in $1.4 Billion Deal

Chicago-based insurer Kemper Corp. has agreed to acquire Birmingham-based Infinity Property and Casualty Corp. in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share, creating an insurer with increased scale in the nonstandard auto insurance …

Sanders Joins Kemper Corp. from Travelers as President of P/C Division

Duane Sanders has joined Chicago-based Kemper Corp. as president of its Property & Casualty Division. Sanders will report to Kemper President and Chief Executive Officer Joseph P. Lacher Jr. and will be based in Chicago. His direct reports include the …

Lau Joins Kemper as Chief Data and Analytics Officer

Kemper Corp. reports that Kan Yuk “Andy” Lau has joined the company as senior vice president and chief data and analytics officer, a new role in the company. Lau will report directly to Joseph P. Lacher Jr., president and chief …

McKinney to Join Kemper as Chief Financial Officer

Chicago-based insurer, Kemper Corp., announced that James “Jim” J. McKinney will join the company in November as senior vice president and chief financial officer. McKinney will report directly to Joseph P. Lacher, Jr., Kemper’s president and chief executive officer. He …

Kemper Adding Dufala as Property/Casualty Division President

Insurer Kemper Corp., headquartered in Chicago, announced that George “Chip” D. Dufala Jr. will join the company as president, Property & Casualty Division, effective July 18. Dufala will report directly to Joseph P. Lacher Jr., Kemper’s president and chief executive …

Ex-Allstate Exec Lacher Succeeds Southwell as Kemper President, CEO

Joseph P. Lacher Jr., 46, has joined Kemper Corp. as president, chief executive officer and a member of the Kemper board of directors. At the same time, Donald G. Southwell, who had previously announced his plans to retire, has relinquished …

Private Auto Premiums See Largest Q3 Growth in 10 Years: SNL

Private auto insurance industry direct premiums written rose 5.13 percent in the third quarter of 2014, the largest third-quarter year-over-year growth in the past 10 years, according to an analysis by SNL Financial. The 30 largest auto writers by market …