Kemper Archives - Page 2 of 3 - Carrier Management

Fitch Notes Realized Benefits of Kemper’s $1.3B Infinity Acquisition

Kemper Corp. earned some kudos from Fitch Ratings over its improved financial strength, and a subsidiary gained an outlook upgrade. Specifically, Fitch affirmed Kemper's "A-" (Strong) financial ...

Kemper, After Tough Q4, Will Pay $1.3B for Infinity Property and Casualty

Insurer Kemper Corp will acquire Infinity Property and Casualty Corp for about $1.3 billion in cash and stock to boost its nonstandard auto insurance business, the two companies said on Tuesday. ...

CEO Lacher Seeks to Unlock Value and Build a Culture of Winners at Kemper

Anyone listening to last year's investor updates from Kemper heard Joseph Lacher utter phrases such as "unclear strategic focus," "financial underperformance" and "culture of complacency" to describe ...

A Weird Hobby

Whenever Kemper CEO Joseph Lacher found himself interviewing for a new job throughout his career, he would tell his potential employers: "Think of me as an economics major with a weird hobby." The ...

Personal Lines Distribution Not Changing at Kemper

Years before joining Kemper, CEO Joseph Lacher served as the leader of the P/C business of Allstate, a company that bought Esurance to introduce a more direct-to-customer model to the carrier's ...

XL Group, Chubb and More Reveal High Q2 Cat Loss Estimates

Canadian wildfires, European floods, Japan and Ecuador earthquakes and U.S. hailstorms over the spring were dramatic enough at the time. Now, the damage these events left behind are leading a number ...

Executives On The Move at Ironshore, Swiss Re, BHSI and Kemper

Berkshire Hathaway Specialty Insurance hired two former Chubb executives to roll out new insurance coverage in Australia. Swiss Re Corporate Solutions promoted an executive on the rise. Ironshore ...

Executives On The Move at W.R. Berkley and Kemper

Kemper Corp. hired an ex-ACE Group exec as its new chief information officer. W.R. Berkley Corp. brought on three former Chubb executives to flesh out its new high net worth personal lines division. ...

Travelers, Allstate Blame March Texas Storms for Catastrophe Loss Surge

Property and casualty insurer Travelers Cos Inc reported a lower-than-expected quarterly profit as catastrophe losses nearly doubled, mainly due to hail storms in Texas in March. Travelers said on ...

Kemper’s Q1 Pre-Tax Cat Losses Could Reach $45M

Kemper Corp. disclosed that its pre-tax catastrophe losses will hit between $35 million and $45 million for the 2016 first quarter. What's more, the Chicago-based insurer said it doesn't expect to ...