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Lexington Insurance is AIG’s Excess & Surplus Line carrier providing flexible (E&S) insurance solutions for small, middle-market and large commercial enterprises.  For over 50 years, Lexington has been a leader in the E&S market providing a broad appetite to casualty risk and of underwriting expertise, deep industry knowledge, specialized risk management and loss control benefits, and dedicated claims handling services.

Overview
Lexington Insurance Company paper.
 

Guaranteed Cost.
 

Small Deductibles with no collateral requirements.
 

Self Insured Retentions for accounts with higher frequency.
 

Umbrella, follow form and retained amount forms available on an excess basis.
 

Capacity
Up to $5 million in limits available on Primary General Liability (GL) policies.
 

$5 million - $10m limits desired on lead umbrella.
 

Up to $25 million limit available for mid and high excess at appropriate attachment.
 

Minimum Premiums

$25,000 for most classes.
 

Railroad Protective minimum premium is $4,500.

Strength and Experience
Lexington Insurance is the largest U.S.- based Excess & Surplus Lines Insurance carrier.
 

Lexington has been providing innovative insurance solutions for over 50 year to companies and organizations of all sizes – from Fortune 100 corporations to small and middle market entities. 

 

Coverage Flexibility
Broad, non-admitted underwriting capabilities that provide its clients with exceptional flexibility of rate and form across a wide range of exposures. Clients also benefit from ready access to the market-leading products and services of AIG.

 

Strategy and Focus
In 2019, Lexington transformed its distribution strategy by focusing on placing business through  wholesale brokers for the majority of its casualty lines.

 

There is a renewed focus on middle market casualty business.  Over half of the new business written in 2019 was middle market, and underwriters have tools to respond quickly. 

 

Claims
Lexington has an experienced claims team to draw on local, first-hand knowledge of risks and provide dedicated resources to ensure consistency of claims handling, effective account stewardship and winning claims strategies. 

New business premium, up 15% through May 2020 Year-To-Date (YTD).
 

Over half of new business submission written through May 2020 YTD are sub-$100,000 middle market accounts.
 

50% increase in new Mid-Excess policy count over previous year, reflective of diverse attachment point capabilities.
 

Submission activity up 40% over previous year through May 2020 YTD.
 

Expanded geographical footprint servicing the wholesale market increased Lexington new business in 2019.
 

New business includes the following industries: plastics manufacturing, restaurants & bars, food & beverage, mining, real estate managers, hospitality, equipment rental, infrastructure projects, transportation, rail, oil & gas, and utilities.

Neil Smallcombe

Head of Casualty Lexington Insurance