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Lexington Property

Leading provider of E&S property solutions

Why Choose Lexington Property?

A dedicated underwriting group providing E&S insurance solutions to the wholesale broker market for property risks, including:

  • Participation on shared and layered primary and excess placements.
  • Available CAT capacity. 
  • Complex risks with total insured values (TIVs) of over $250 million and midmarket risks with TIVs of $5M-$250M through our dedicated Lexington Midmarket Property team.

The Lexington Advantage

Focused on the wholesale broker market

Lexington Property has the resources and talent to provide timely E&S solutions to wholesale brokers nationwide for their clients of all sizes.

Flexible, customized E&S property solutions

Lexington Property utilizes its 50+ years of underwriting and claims expertise to design programs that provide insurance solutions for challenging property exposures.

Lexington Property Claims Promise

Lexington Property has the experience and ability to design and deliver insurance solutions responsive to the unique needs of wholesale brokers and their clients.

  • Meets needs of wholesale brokers and their clients through the expertise of 60+ property underwriters
  • Addresses the full spectrum of property risks including:
    • Complex risks: TIVs of over $250 million
    • Midmarket risks: TIVs of $5M-$250M through our dedicated Lexington Midmarket Property team
  • Provides fast turnaround and ease of process

Why is this important?

Lexington Property has the resources and talent to provide timely E&S solutions to wholesale brokers nationwide for their clients of all sizes.

  • Draws on dedicated E&S underwriters and market-leading anaytics to tailor solutions to client-specific risks
  • Provides flexibility of coverage through primary, buffer, mid and high excess property placements
  • Upon property damage coverage confirmation, Lexington’s Property Claims Promise provides working funds of up to 50% of Lexington’s share of the agreed property damage estimate within 7 days of coverage confirmation

Why is this important?

Lexington Property utilizes its 50+ years of underwriting and claims expertise to provide insurance solutions for challenging property exposures.

  • Empowers underwriters to design solutions to meet property insurance needs
  • Provides meaningful E&S CAT capacity for difficult to place property risks exposed to natural catastrophes
  • Deploys broad appetitite across most occupancy classes, industries, and natural catastrophe exposed locations through both multi and single peril solutions

Why is this important?

Lexington’ Property has the experience and ability to design and deliver solutions responsive to the unique needs of wholesale brokers and their clients.

Real-World Problem Solving

Benefit from our proven experience in working with brokers and the clients to deliver successful outcomes.

Issue

A fast-food restaurant chain with over half of its property portfolio located in wind-exposed areas along the Gulf Coast received an adverse renewal quote as its existing coverage was about to expire.

Solution

Lexington Property provided a critical layer of coverage within one day of submission by the specialized wholesale broker, facilitating the build out of the entire property insurance program prior to expiration.

Benefit

The client secured a property insurance solution that met its coverage requirements for its diverse property portfolio, including CAT-exposed locations.

Why is this important?

Lexington Property’s wholesale-focused underwriting expertise allows it to provide insurance solutions for unique, hard-to-place or complex risks in a timely manner.

Issue

A wholesale broker was struggling to find the total capacity needed for a South Florida habitational property portfolio.

Solution

Lexington Property provided multiple options, including a primary and mid excess layer, that allowed the wholesale broker to provide an insurance program at renewal that met its client’s insurance needs.

Benefit

The broker was able to utilize the E&S property market to meet the capacity needs of its client’s complex property program.

Why is this important?

Lexington Property deploys capacity in multiple layers to support the placement strategies of wholesale brokers.

Issue

A mattress manufacturing company with substantial warehousing exposure on the Gulf Coast was struggling to find an acceptable program after experiencing a large loss resulting from a hurricane.

Solution

Working with the broker to understand  its client’s complex CAT risk and risk mitigation efforts taken to avoid or reduce future property damage, Lexington Property provided multiple retention and coverage options to insure the property.

Benefit

The options provided by Lexington Property positioned the client to build a program that met its coverage requirements at a reasonable cost.

Why is this important?

Lexington Property works to understand client exposures and objectives to create customized property programs.

Meet Your Lexington Property Leadership Team

 

Coverage is subject to actual policy language. Certain products and services may be provided by other AIG subsidiaries or affiliates. Non-insurance products and services may be provided by independent third parties.

Licensed surplus lines brokers may obtain products and services from Lexington Insurance Company or from Lexington Specialty Insurance Agency, Inc. (CA license no. 6003097), an AIG subsidiary serving as a program administrator for Lexington Insurance Company and other AIG member companies.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | LinkedIn: www.linkedin.com/company/aig.

© 2024 American International Group, Inc. All rights reserved.

INTENDED FOR LICENSED SURPLUS LINES INSURANCE BROKERS ONLY.

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