Announced
Completed
Financials
Tags
Acquisition
Private
Property and Casualty Insurance
United States
Majority
accident insurance
Domestic
Friendly
Single Bidder
health insurance
Completed
Synopsis
Medical Mutual of Ohio, an American mutual health insurance company, completed the acquisition of Reserve National, a provider of accident and health insurance, from Kemper, an American insurance provider, for $90m. "This transaction aligns with Kemper’s strategic intent and is a great fit for Medical Mutual of Ohio. It will allow Kemper to increase our focus and invest additional resources in the P&C and life insurance businesses that are providing sustainable, competitive advantages to better deliver value to all our stakeholders. Kemper expects to record a gain upon completion of the transaction," Joseph P. Lacher, Jr., Kemper President, CEO and Chairman.
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