Kemper Corporation announced 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:
- Kemper Personal and Commercial Lines, which will include private passenger and commercial auto, home and other lines.
- Kemper Specialty California, which will focus on Kemper’s largest non-standard private passenger auto market.
- Kemper Direct, operating in run-off mode.
- 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.
Andrea James, Kemper Preferred’s president for the past year, will be leaving the company effective February 14, 2014.
Source: Kemper Corporation