Beleaguered Kemper To Cease Underwriting Amid its disappointing 2002 year-end results, Kemper Insurance Companies announced that it will cease underwriting activities and sell its core middle-market business to a new firm capitalized by equity investment firms, including an affiliate of giant reinsurer Swiss Re.

The Long Grove, Ill.-based insurer said it will cease underwriting activities except as necessary to meet its existing obligations. Going forward, Kemper will focus on expanding opportunities for its claim and insurance services platform to sell its capabilities to current and new customers, the company said.

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