nonstandard auto insurance market 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 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 …