Kemper Forms Relationship With Berkshire
NU Online News Service, May 8, 4:30 p.m. EST?The Kemper Insurance Companies in Long Grove, Ill. today announced the insurance group has entered into a "comprehensive strategic relationship" with Berkshire Hathaway.
The announcement said that Omaha, Neb.-based Berkshire will make an equity investment in Kemper's portfolio of commercial casualty and specialty insurance operations through a newly formed stock insurance subsidiary, but does not disclose the amount of the investment. In addition, Kemper said that Berkshire will participate in several reinsurance agreements with Kemper.
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