INSURANCE

Swiss Insurer, Kemper in Takeover Accord: Zurich Insurance Group and Insurance Partners agreed to acquire Kemper Corp. in a takeover that values Kemper at $2 billion. Zurich Insurance is expected to own about 80% of Long Grove, Ill.-based Kemper Corp. Insurance Partners will own the remaining 20%. In April, Zurich Insurance said it wanted up to 60% of Kemper’s life insurance business. Zurich Insurance and Insurance Partners, an investor group consisting of Zurich’s Centre Reinsurance Holdings Ltd. subsidiary, Keystone Inc. and Chase Manhattan Corp., said last month they would buy Kemper, an insurance holding company. The conditions of the agreement were subject to a due diligence investigation, which is now complete.