Lexington Insurance Company is a
surplus lines
Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. According to Swiss Re, of the $6.287 trillion of global direct premiums written worldwide in 2020, $2.530 ...
insurance company wholly owned by
AIG
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...
. It is one of the largest surplus lines insurer in the
U.S., and it offers
property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...
,
casualty, and specialty lines
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
products.
History
Started in 1965 with four people and $3 million in gross written premium from its property-casualty business, Lexington was one of the first
U.S. insurers formed to specialize in writing surplus lines coverage.
In 1971, Lexington expanded, establishing an office in London. By the 1990s, the company had further grown, establishing programs, healthcare, and catastrophe excess liability divisions.
Divisions
Property, Casualty, Healthcare, Programs, Personal Lines, Captives/ART
Industry practices
Healthcare; Construction;
[http://www.lexovations.com/construction ] Real Estate; Public Entity; Transportation; Energy; Higher Education
Products Lex FloodReadySignificant Other CoverageCelebrity Product RecallResponse®CyberEdge® for Healthcare Organizations
Private Market Flood™ Insurance; Mandatory Evacuation Coverage; Lex InlandMarinePlusSM; TIF Protector; Craft Brewery & Winery Program; LexShare™ HOME Rental Coverage; and Robotics Shield.
See also
* American International Group
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...
References
External links
Official website
{{American International Group
Financial services companies established in 1965
Insurance companies of the United States
American International Group