Lexington Insurance Co., an AIG company, has increased its capacity for commercial domestic property insurance by an additional $1 billion,
raising the total non-catastrophe property capacity to $1.5 billion.
Lexington’s additional $1 billion capacity covers North American-based commercial occupancies on any non-catastrophe exposed account, including commercial real estate, manufacturing, municipalities, retail and healthcare risks and can be offered on a global basis.
The commercial property coverage is available through Lexington’s retailers, wholesalers, and Lexington’s London and Bermuda operations for North American-based property risks.
“The increased capacity allows us to help a market segment we believe is currently underserved,” said Kevin Kelley, chairman and chief executive officer of Lexington.
Source: Lexington Insurance Co.
www.aig.com
Was this article valuable?
Here are more articles you may enjoy.
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Toilet Paper Warehouse Fire Investigators Review Viral Video 
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
IBM Agrees to Pay Government $17 Million in DEI Settlement 
