Kemper Sheds Its Specialty Business
Kemper Insurance Companies, which suffered downgrades by several rating agencies in recent weeks, announced a number of deals to sell off renewal rights to some of its specialty business insurance policies.
“This transaction is another in a series of steps Kemper is taking to become primarily a standard commercial lines insurance provider,” said David B. Mathis, Kemper chairman and chief executive officer, in a statement that detailed a transaction with The Hartford Financial Services Group Inc.
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