X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Ironshore Inc. has increased its ownership of Lexon Surety Group to 20 percent pursuant to an option that it received as part of its initial investment in Lexon in 2013.  Ironshore’s insurance subsidiaries will continue to provide quota share reinsurance and a primary fronting facility on new and renewal business for most types of U.S. commercial and contract surety risks.  

The additional investment in Lexon follows the inclusion in December 2013 of Ironshore Indemnity Inc. and Ironshore Specialty Insurance Company on the U.S. Department of Treasury’s Listing of Approved Sureties.  Ironshore Indemnity was approved to provide surety bonds of up to $12.37 million per bond while Ironshore Specialty was approved to provide surety bonds of up to $30.97 million per bond.

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

 

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.