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Lexington Adds $1 Billion To Domestic Property Capacity

With the $1 billion addition, Lexington said its total noncatastrophe property capacity has now been raised to $1.5 billion. The company added that the additional capacity will cover North American-ba

By Phil Gusman | Updated on March 12, 2008

Lexington Insurance Company, an AIG company, is bolstering its commercial domestic property insurance capacity by a whopping $1 billion to support noncatastrophe exposures on its accounts.

With the $1 billion addition, Lexington said its total noncatastrophe property capacity has now been raised to $1.5 billion. The company added that the additional capacity will cover North American-based commercial occupancies on noncatastrophe-exposed accounts, including commercial real estate, manufacturing, municipalities, retail and health care risks.

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