Kemper Enters into Marketing Agreement to Move its $16 Million Classic Collectors Auto Business to Hagerty

Business Wire

CHICAGO--(BUSINESS WIRE)-- Kemper Corporation (NYSE: KMPR) 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.

About Kemper

Kemper Corporation (NYSE: KMPR) 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.

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