Kemper Insurance Companies

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kemper insurance companies - All News and Analysis

• The St. Paul buys Kemper renewals. (Financial News).(St. Paul Companies purchased right to seek renewals of Kemper Insurance Companies' commercial insurance business)

  - 2003-05-19

  The St. Paul Companies announced last week that, for an undisclosed price, it has purchased the right to seek renewals of Kemper Insurance Companies' commercial insurance business. The sale to The St. Paul is the latest hatch of renewal right selloffs announced by Long...

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• Kemper Insurance Companies. (Other Rating News).(Brief Article)

  - 2003-04-07

  Fitch Ratings has downgraded the insurer financial strength ratings of three primary insurance underwriters of the Kemper Insurance Companies KIC to 'CC' from 'B+'. Additionally, Fitch has downgraded the surplus notes issued by group member Lumbermens Mutual Casualty Company to 'C' from 'CCC'. All ratings...

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• Surplus Noteholders of Lumbermens Mutual Casualty Company -Kemper Insurance Companies- Form Ad Hoc Committee

  - 2003-03-27

  Business Editors NEW YORK--BUSINESS WIRE--March 27, 2003 Holders of all three series of surplus notes issued by Lumbermens Mutual Casualty Company ("Lumbermens"), and certain related trust certificates, have formed an ad hoc committee (the "Committee") to evaluate Lumbermens' recently announced tender offer and consent solicitation (the "Offer") related...

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• Beleaguered Kemper to cease underwriting, sell renewals. (Late Breaking News).(Kemper Insurance Companies)

  - 2003-03-10

  A mid its disappointing 2002 yearend results, Kemper Insurance Companies announced that it will cease underwriting activities and sell its core middle-market business to a new firm capitalized by equity investment firms, including an affiliate of giant rein-surer Swiss Re. The Long Grove, Ill.-based...

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• A.M. Best Lowers Rating of Kemper Insurance Companies

  - 2003-03-03

  Business Editors OLDWICK, N.J.--BUSINESS WIRE--March 3, 2003 A.M. Best Co. has lowered the financial strength rating to B Fair from B+ Very Good of the participants in the Kemper Insurance Companies (Long Grove, IL) inter-company pool, 10 reinsured affiliates and one domestic affiliate. The rating remains under...

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• Kemper Reaches Renewal Rights Agreement with Arch Insurance Group on Surety Business

  - 2003-02-27

  Business Editors LONG GROVE, Ill.--BUSINESS WIRE--Feb. 27, 2003 The Kemper Insurance Companies today announced it has reached an agreement in principle to sell the renewal rights to its surety business to Arch Insurance Group, a division of Arch Capital Group Ltd. Kemper's agreement with Arch includes contract...

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• Kemper sheds its specialty business. (Kemper Analysis).(Kemper Insurance Companies to sell specialty business insruance policies)

  - 2003-01-27

  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...

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• Kemper Reaches Renewal Rights Agreement with Old Republic on Large Risk National Accounts

  - 2003-01-15

  Business Editors LONG GROVE, Ill.--BUSINESS WIRE--Jan. 15, 2003 The Kemper Insurance Companies today announced it has reached a definitive agreement to sell the renewal rights to a significant number of its large risk national accounts to Old Republic Insurance Company, a wholly owned subsidiary of Old Republic International...

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• Big changes at Kemper prompt buyer concerns.(Kemper Insurance Companies must decide whether to continue with mutual insurer or use another; discusses recent financial woes)(News)

  - 2003-01-06

  Byline: MICHAEL BRADFORD LONG GROVE, Ill.-Kemper Insurance Cos.' financial difficulties will likely put some of the insurer's policyholders in a quandary. With renewals looming, commercial risks with coverage written by Kemper will have to decide whether to stick with the Long Grove,...

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• A.M. Best Lowers Rating of Kemper Insurance Companies Intercompany Pool

  - 2002-12-24

  Business Editors OLDWICK, N.J.--BUSINESS WIRE--Dec. 24, 2002 A.M. Best Co. has lowered the financial strength rating to B+ Very Good from A- Excellent of the participants in the Kemper Insurance Companies intercompany pool, Long Grove, Ill. In addition, A.M. Best has lowered the rating of the surplus...

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