nonstandard auto insurance market News

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 …

Soriano Appointed as New Confie CEO

California-based Confie, a national insurance brokerage network for personal lines and small commercial insurance, has appointed Cesar Soriano as chief executive officer. He has been chief operating officer for Confie since 2016. Mordy Rothberg, the company’s founder and executive chairman, …

Nonstandard Auto Insurance Market Continues on Downward Path: A.M. Best

Loss ratios and operating ratios for the U.S. private passenger nonstandard auto insurance market fell to their worst levels in a decade, according to a report from A.M. Best. The results for the population of insurers studied in this report …