Lexington Insurance Company, a member company of American International Group, Inc. announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda.
“Establishing this new office reflects Lexington’s commitment to providing ready access to top-quality products and coverage limits. Risk managers and brokers on Bermuda will now have local access to Lexington’s industry-leading property capacity and flexible casualty solutions,” stated Chairman and CEO Kevin H. Kelley.
The new Bermuda office provides access to Lexington’s entire portfolio of property insurance coverages, including: Lexington’s full domestic property capacity, together with property terrorism coverage; earthquake and hurricane catastrophe coverage; and specialized property endorsements addressing risks that range from property damage arising from biological and chemical terrorist attacks to losses of digital assets.
In addition, Lexington Bermuda will offer primary employment practices liability (EPL) insurance program. Other Lexington casualty insurance products will be underwritten in Bermuda later in 2007.
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