Insurance holding company Kemper Corporation has announced plans to restructure its P&C business and form one P&C segment for financial reporting. The realignment will begin in the first quarter of 2014.
The new segment will consist of four subdivisions. Kemper Personal and Commercial Lines will focus on private passenger and commercial auto, home and other lines. Kemper Specialty California will include the company’s largest non-standard private passenger auto market. Kemper Direct will operate in run-off mode.
The remaining portion of Kemper P&C will focus on shared services for the group, including technology, legal, claims, human resources, finance and project management.
Denise Lynch, Kemper’s P&C group executive, will lead the new segment. She will work directly with Tim Bruns, general manager of Kemper Specialty California, and Brian Delfino, who will assume the newly created role of general manager for Kemper’s personal and commercial lines. Pete Hansen will become SVP for P&C claims.
In the first quarter of 2014, Kemper will also stop publication of the Kemper Preferred, Kemper Specialty and Kemper Direct segments. It will issue its combined P&C results in a new reporting format.
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