I’ll assume your question wasn’t meant to be serious. But if it was.
I imagine the relative differences in the size of Lexington and First State could explain the reason. First State is being sold for $34 million and Lexington has nearly $15 billion in assets and about $4.5 billion in surplus.
I would guess that Lexington has as diverse and complex book of XS and Surplus lines in force as anyone in the industry and certainly is a harder company to gets one’s hands around.
I would have to wonder who, if anyone, has both the resources and the confidence they can figure out what is in Lexington (including anything lurking in its past) to buy Lexington.
RE: Grade School Lessons
Posted On: February 17, 2009, 11:15 pm CST
Posted By: The Corporation
Comment:
A most see movie ” The Corporation a documentary by filmmakers Mark Achbar and Jennifer ABBOTT AND Auther JOEL BAKAN
I’ll assume your question wasn’t meant to be serious. But if it was.
I imagine the relative differences in the size of Lexington and First State could explain the reason. First State is being sold for $34 million and Lexington has nearly $15 billion in assets and about $4.5 billion in surplus.
I would guess that Lexington has as diverse and complex book of XS and Surplus lines in force as anyone in the industry and certainly is a harder company to gets one’s hands around.
I would have to wonder who, if anyone, has both the resources and the confidence they can figure out what is in Lexington (including anything lurking in its past) to buy Lexington.
RE: Grade School Lessons
Posted On: February 17, 2009, 11:15 pm CST
Posted By: The Corporation
Comment:
A most see movie ” The Corporation a documentary by filmmakers Mark Achbar and Jennifer ABBOTT AND Auther JOEL BAKAN
If Hartford can sell First State to raise cash, why can’t the AIG sell the Lexington?