NEW YORK (S&P Global Ratings) Nov. 24, 2020--S&P Global Ratings today said its ratings on Kemper Corp. (BBB/Stable/--) and its core operating subsidiaries are unchanged following the announced acquisition of American Access Casualty Co. and its related captive insurance agency, Newins Insurance Agency Holdings LLC. The acquisition is expected to cost $370 million and to be paid from cash on hand, which was bolstered by the company's issuance of $400 million senior notes in September 2020. The deal is estimated to close in the first quarter of 2021. The announced acquisition enhances Kemper's specialty market capabilities and expands its industry-leading scale with the addition of $360 million in net written premiums. American Access will diversify Kemper's geographic footprint outside of
