Kemper announces sale of Newins distribution operation

Kemper (KMPR) Corporation announced it has completed the sale of a property and casualty distribution operation consisting of captive agents and storefront locations to Confie, a company that specializes in operating storefront distribution models. The transaction includes the sale of Newins Insurance Agency Holdings, LLC, which operates under the Illinois Vehicle, A-Abana, and Access Auto Insurance brands in a limited number of states. The operation was acquired by Kemper as part of the American Access Insurance Company transaction in 2021. “This transaction is consistent with our focus on improving performance in our core operations,” said C. Thomas Evans, Jr., Interim CEO. Employees associated with the business have transitioned to Confie as part of the transaction.