Announced
Synopsis
Kemper, an insurance provider in the United States, agreed to acquire American Access Casualty Company, which provides specialty private passenger auto insurance in Arizona, Illinois, Indiana, Nevada and Texas, for $370m. "AAC is a great addition to Kemper’s specialty auto franchise and aligns with our strategic intent to serve growing niche markets with affordable and easy-to-use products. Their distribution capabilities, including strong customer and agent relationships, will expand our geographic footprint and when combined with our financial resources will create increased reach and incremental scale. We look forward to having AAC join the Kemper team," Duane Sanders, Kemper President of P&C Division.
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