KEMPER, UAP COURT CLIENTS' BUSINESSES IN NORTH AMERICA

KEMPER, UAP COURT CLIENTS' BUSINESSES IN NORTH AMERICA

The Kemper National Insurance Cos. and France's largest insurer, the UAP Group, signed a cooperative agreement here Monday to aid UAP in insuring European businesses with North American locations.

Under the agreement, Kemper, based in Long Grove, Ill., is hoping to gain access to multinational European business by providing property and casualty underwriting and other services to UAP clients.The companies said they expect foreign multinational clients' demands to expand with the development of the single European market.

Since 1989, Kemper National and UAP have had a joint venture company, UAP/ Kemper HPR Co., that has marketed and serviced highly protected risk insurance in Europe. HPR coverage is offered at lower rates to larger commercial properties protected with automatic sprinkler systems and other safeguards.

The UAP/Kemper program is available to facilities meeting "a high standard of property loss protection," the companies reported.

The insurers are now expanding their activities in North America.

They intend to cooperate further in other parts of the world "where parallel interests develop," the companies said in a joint statement.