Ironshore Inc. and Lexon Surety Group have completed the first stage of a new strategic alliance in the surety market. Lexon writes over $100 million in direct written premium annually and is the 12th largest writer of surety bonds in the United States. Ironshore’s subsidiaries will provide quota share reinsurance and primary fronting facility on new and renewal business for most types of U.S. commercial and contract surety risks. In addition, Paul S. Giordano, chairman of Ironshore’s political risk, special risk & surety businesses, will become a director of Lexon.
Lexon Surety Group, LLC is a privately held insurance holding company specializing in the business of surety bonds. Currently, Lexon’s products are available in 49 states, Washington D.C., Guam, and The Northern Mariana Islands and all U.S properties located overseas. Lexon writes contract surety bonds, off-site subdivision surety bonds, commercial – license and miscellaneous surety bonds, court – civil and probate surety bonds, fidelity surety bonds and environmental surety bonds for individuals and companies of all sizes.
Lexon Surety Group, LLC is comprised of Lexon Insurance Co. and Bond Safeguard Insurance Co.; both are headquartered in Mt. Juliet, Tenn.