A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the Kemper Insurance Cos., Long Grove, Ill., with a stable outlook. The group's rating has been removed from under review with negative implications.
The rating action applies to the group's three pool members, led by Lumbermens Mutual Casualty Co. and numerous reinsured affiliates.
This rating action follows the announcement by Kemper that the sale of its personal lines business has been closed and the consummation of its comprehensive strategic relationship with Berkshire Hathaway Inc., including a $125 mill...
Comments