Kemper Corporation (NYSE: KMPR)
announced today that it is realigning its Property & Casualty business.
This realignment will result in one Property & Casualty segment for
financial reporting purposes, beginning with the first quarter 2014.
The new Kemper Property & Casualty segment will consist of the following:
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Kemper Personal and Commercial Lines, which will include private
passenger and commercial auto, home and other lines
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Kemper Specialty California, which will focus on Kemper’s largest
non-standard private passenger auto market
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Kemper Direct, operating in run-off mode
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Shared services supporting the Property & Casualty segment, including
legal, claims, technology, human resources, project management and
finance
Denise Lynch, Kemper’s Property & Casualty Group Executive, will
continue to lead the new segment. Reporting directly to Lynch will be
Brian Delfino, Kemper Personal and Commercial Lines General Manager, Tim
Bruns, Kemper Specialty California General Manager, as well as the
General Managers of Kemper Direct and the shared services functional
leaders. Additionally, Pete Hansen will become Senior Vice President for
Property & Casualty Claims.
“Brian has been with the company for 28 years and is a key executive on
the Property & Casualty leadership team. Over the past three years he
successfully led our claims organization through its transition to a
shared services model to the benefit of both our customers and our
organization. I look forward to Brian’s leadership in this newly created
role where he will be able to further implement profit and growth
initiatives,” added Lynch. “Tim Bruns has led Kemper Specialty over the
past three years, and he will focus the Kemper Specialty California team
on serving the non-standard personal auto needs of the California
market. Pete is a seasoned claims executive and is well-prepared to lead
the claims organization.”
Andrea James, Kemper Preferred’s President for the past year, will be
leaving the company effective February 14, 2014. “I’d like to thank
Andrea for her many contributions and wish her well,” added Lynch.
When Kemper issued its fourth quarter 2013 investor supplement, it also
included pages showing the combined Property & Casualty results in the
new reporting format (pages 21 through 26). Beginning in the first
quarter 2014, Kemper will switch to this reporting format and cease
publication of Kemper Preferred, Kemper Specialty and Kemper Direct
segments. The latest supplement is available by visiting the investor
section of kemper.com.
About Kemper
Kemper is a diversified insurance holding company with subsidiaries that
provide an array of products to the individual and small business
markets:
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Life insurance
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Health insurance
Kemper markets to its customers through a network of independent agents,
brokers and career agents.
Additional information about Kemper is available by visiting kemper.com.
Copyright Business Wire 2014