Kemper has engaged Kenning Financial Advisors, LLC, to provide run-off expertise and services to help the company meet its challenges going forward. Kenning is a premier provider of run-off management services to the property casualty industry, and its executives have a long history of aiding companies in achieving successful run offs.

In a related move, Mike Coutu, CEO of Kenning, has been named acting president and CEO of Kemper. Mike will report to the board of directors.

Dave Mathis has retired as Kemper's chief executive officer, while remaining chairman of the board of directors. Dave had planned to retire last April, but postponed his departure in light of the company's decision to enter into run off.

Kenning Financial Advisors, LLC was founded by Mike Coutu and fellow industry veteran Tom Norsworthy. The Kenning management team collectively brings more than 60 years of experience in insurance runoff and restructuring. Kenning's principals have handled some of the largest run-off operations in the world, including Crum & Forster and the Resolution Group, Inc.

Other members of the Kenning team who are in Long Grove working with Kemper are Harold Marsh, Doug Andrews and Bud Schwartz.

"Mike Coutu is the industry's best known and most successful run-off executive," said Dave. "As a run-off organization, we face a different set of challenges than we did as an underwriting company. We will benefit from Mike's and his team's experience and skills."