CHICAGO--(BUSINESS WIRE)--Kemper Corporation announced today that it has entered into a marketing agreement with Hagerty, a leader in the collector vehicle insurance market. Under this agreement, Kemper will work with appointed agencies to transfer its Classic Collectors book of business, which had approximately $16 million in annual premium in 2018, to Hagerty and its underwriting carrier.
“Hagerty is a great partner in that they’re fully committed to the classic collector market and the agents that serve the market, and share our dedication to customer satisfaction,” said Duane Sanders, President of Kemper’s Property and Casualty Division. “This agreement will provide our agents with a seamless, efficient way to transfer their business to a market-leading classic collector insurance carrier. Equally important, it will allow Kemper to increase our focus and invest additional resources in our specialty and preferred markets.”
“This is a perfect marriage,” said McKeel Hagerty, CEO of Hagerty. “Hagerty is known worldwide for its expertise, passion and commitment in the classic car space. We can’t wait to work with Kemper’s outstanding agents and their clients.”
Classic Collectors provides classic vehicle insurance for all types of collector and specialty vehicles including antiques, exotics, tractors and military vehicles. Kemper expects to continue new business sales of Classic Collector policies through October 31, 2019.
Kemper Corporation is one of the nation’s leading specialized insurers. With over $12 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper serves over 6.4 million policies, is represented by more than 30,000 agents and brokers, and has over 8,000 associates dedicated to meeting the ever-changing needs of its customers.
Cautionary Statements Regarding Forward-Looking Information
This press release may contain information that includes or is based on forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events and can be identified by the fact that they relate to future actions, performance or results rather than strictly to historical or current facts.
Any or all forward-looking statements may turn out to be wrong, and, accordingly, readers are cautioned not to place undue reliance on such statements, which speak only as of the date of this press release. Forward-looking statements involve a number of risks and uncertainties that are difficult to predict and are not guarantees of future performance. No assurances can be given that the results and financial condition contemplated in any forward-looking statements will be achieved or will be achieved in any particular timetable. Kemper assumes no obligation to publicly correct or update any forward-looking statements as a result of events or developments subsequent to the date of this press release. The reader is advised, however, to consult any further disclosures Kemper makes on related subjects in its filings with the SEC.
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