Lexington Insurance News

AmWINS to Acquire The Flood Insurance Agency

Specialty insurance broker AmWINS Group has agreed to acquire The Flood Insurance Agency, a Florida-based managing general agency that specializes in private market flood insurance. Scott M. Purviance, chief executive officer of AmWINS Group, said the addition of The Flood …

AIG Names Baugh CEO of North America General Insurance; Stratts Named CEO of Lexington

American International Group recently made two major domestic executive appointments: Lex Baugh is AIG’s new chief executive officer for North America General Insurance, and George Stratts has been named CEO of AIG’s surplus lines unit, Lexington Insurance Co. Baugh is …

Boston Duck Tours Says Driver in Crash Had ‘Exemplary’ Record

Boston Duck Tours says the driver of the amphibious sightseeing vehicle that collided with a scooter in Boston, killing a woman, had an “exemplary record” during his six years with the company. A Boston Duck Tours spokesman said in a …

Lexington Underwriter Warmuth Killed in Boston Duck Boat Crash

Allison Warmuth, senior underwriter in healthcare at Lexington Insurance, was killed in a tragic accident Saturday after the scooter she was driving was struck by a duck boat in downtown Boston. Warmuth, 28, was also an associate board member of …

Slow and Steady: Optimism Good for Surplus Lines Market in 2012

Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and surplus. And once again, the surplus lines sector outpaced the results …

D.C. Metro Sues Insurer Lexington for $13M Over Lost Revenue

Washington Metropolitan Area Transit Authority has recently filed a lawsuit against its insurer Lexington Insurance Co. of Boston charging that that the insurer failed to indemnify for the revenue losses in the train system’s ridership following the 2009 crash that …

Bresnahan Named President of Lexington Insurance

David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is mving into his new role as president and chief executive officer of Chartis for the …

Lexington Insurance CEO to Speak at MarketScout’s Entrepreneurial Insurance Symposium

Eastwood perpetuating Lexington’s leadership role in innovation DALLAS, TX, June 30, 2011 — Peter Eastwood, President and CEO of Lexington Insurance, will deliver a keynote presentation at MarketScout’s fifth annual Entrepreneurial Insurance Symposium, outlining changing exposures created by alternative energy …

Insurer Pays Tennessee for May Flood Damage

State officials say Tennessee has received reimbursement for last May’s flooding that damaged state buildings and other state-owned property. Treasurer David Lillard says the state received a $7.5 million check this week from Lexington Insurance Company. The state got a …