View this article online: https://www.insurancejournal.com/news/national/2013/07/29/299905.htm
Ironshore Inc. and Lexon Surety Group are broadening their strategic alliance by providing additional capacity for Boston Indemnity Group (BIG), a subsidiary of Lexon and a privately-held insurance holding company specializing in the business of surety bonds. Ironshore will provide quota share reinsurance capacity for BIG and serve as a primary fronting facility for new and renewal business for U.S. commercial and contract surety risks. BIG is a provider of specialty products to the surety market, focusing on small- to mid- size companies that are underserved in the traditional surety market.
According to Charles Cygal, vice president of Ironshore Surety the agreement provides Ironshore an additional avenue to access the specialty surety market and will allow the alliance to significantly focus on the Northeast surety market.
BIG writes contract surety bonds, commercial-license and miscellaneous surety bonds, court- civil and probate surety bonds, fidelity bonds and environmental surety bonds for individuals and small- to mid- size companies. Boston Indemnity Group is comprised of Boston Indemnity Co., a licensed and U.S. Treasury listed insurance carrier domiciled in South Dakota with headquarters in North Andover, Mass.
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 headquartered in Mt. Juliet, Tenn. For more information, please visit