American International Group’s Lexington Insurance Company announced that its London operation has formed a new Casualty Mid Excess unit offering $50 million in capacity.
Lexington said: “The unit will focus on non-lead layer excess casualty programs with attachment points of $25 million or greater. The new capacity will not diminish existing capacity already committed on a risk layered program from Lexington.
“Lexington has been committed to the London market for over 35 years,” noted Peter Bone, Sr. VP. “This new mid excess capability further exemplifies Lexington’s commitment to provide the capacity that our clients require.”
The new Casualty Mid Excess unit will be headed by Mark Hill, a Lexington VP, who will report directly to Bone.
For further information on the new Casualty Mid Excess unit, please contact, Peter Bone, Senior Vice President, at 011 44 207 954 8716 or firstname.lastname@example.org.
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