April 15, 2004
News Release

Kemper Run-Off Leadership Team Announced


LONG GROVE, Ill. – Acting President, CEO and CFO Michael A. Coutu announced the members of his senior management team who will guide Kemper’s run-off. The team is comprised of professionals from Kenning Financial Advisors, LLC, the firm headed by Mr. Coutu that Kemper retained last November to provide run-off expertise and services, and experienced Kemper executives. It includes:

  • Doug Andrews (Kenning), who will serve as chief operating officer. Doug will be responsible for the functions most critical to a successful run-off, including reinsurance recoverables, claims, reinsurance commutations and policy buybacks.

  • Harold Marsh (Kenning), who, as Kemper’s chief administrative officer will oversee regulatory and corporate affairs, surety, underwriting, real estate, human resources, corporate communications and information technology.

  • Dennis Wong (Kemper) has been elected vice president and treasurer. He will oversee Kemper’s corporate finance unit, including procurement/disbursements, treasury, internal audit, taxes, investments and financial reporting.

  • Fred Kist (Kemper), who will continue to serve as chief actuary and lead the statistical/actuarial department.

  • Benjamin (Bud) Schwartz (Kenning), has been appointed as transactional counsel and will supervise Kemper’s legal team other than with respect to regulatory and corporate affairs, which will remain under John Conway (Kemper).

”I’m confident that this is the right management team to lead Kemper as we move deeper into the execution phase of the run off,” said Coutu.