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ANTHEM P&C HOLDINGS ACQUIRES FEDERAL KEMPER INSURANCE COMPANY

 INDIANAPOLIS, Jan. 3 /PRNewswire/ -- Anthem P&C Holdings, Inc. announced that it completed the acquisition of personal lines property and casualty insurer Federal Kemper Insurance Company on Dec. 31, 1993. Anthem P&C Holdings is the holding company for the property and casualty insurance activities of The Associated Group, a $3.3 billion (revenues) insurance and financial services company. The definitive agreement to purchase Federal Kemper was signed and announced by Anthem P&C Holdings on Nov. 23, 1993.
 "With its commitment to service, high-quality products and strong independent agent relationships, Federal Kemper adds strength to our growing property and casualty insurance organization," said Dan R. Carmichael, president and chief executive officer of Anthem P&C Holdings.
 Federal Kemper will change its name and become the flagship company of a new subsidiary, Anthem Personal Insurance Companies. The company will remain headquartered in Decatur, Ill.
 Anthem P&C Holdings also owns The Shelby Insurance Group, a major regional property and casualty insurance company headquartered in Shelby, Ohio. The combined net property and casualty premiums written of Federal Kemper and Anthem P&C Holdings are expected to be approximately $330 million for 1993.
 -0- 1/3/94
 /CONTACT: William Carmichael of Anthem P&C Holdings, Inc., 317-488-6248/


CO: Anthem P&C Holdings, Inc.; Federal Kemper Insurance Company ST: Indiana, Illinois IN: INS SU: TNM

KL-CM -- CL013 -- 8455 01/03/94 10:38 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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