Bermuda-based specialty insurer Sompo International Holdings has completed the acquisition of the operating subsidiaries of Lexon Surety Group. The deal was first announced in January. Lexon, the second largest independent surety insurer in the U.S., is comprised of Lexon Insurance …
Bermuda-based specialty insurer Ironshore Inc. said it will acquire the remaining 80 percent equity interest in Lexon Surety Group and its surety-related affiliates. Ironshore said it will be an all-cash transaction. Lexon Surety Group is a privately-held insurance holding company …
Ironshore Inc. has increased its ownership of Lexon Surety Group to 20 percent under an option that it received as part of its initial investment in Lexon in 2013. Ironshore’s insurance subsidiaries will continue to provide quota share reinsurance and …
