The Kemper Insurance Companies announced that the parties have discontinued negotiations toward a definitive agreement relating to a sale of certain lines of Kemper’s existing business as contemplated by its previously announced letter of intent with Securitas Capital, LLC, Cypress Merchant Banking Partners II L.P. and Gilbert Global Partners L.P.
Kemper is currently evaluating its options with respect to this business and is also considering what effect this development may have on its outstanding surplus notes tender offer.
Was this article valuable?
Here are more articles you may enjoy.
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
NAIC Victim of Cyber Incident Via PeopleSoft System 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
Space Startups Seek Insurance for Orbital AI Data Centers 
