In spite of the difficulties of its corporate parent in 2008, Lexington Insurance Company has retained its dominant position among U.S. excess and surplus lines insurers going into this year's biggest meeting of E&S insurance market participants.
Indeed, Lexington ranked as the largest surplus lines insurance company based on U.S. surplus lines direct premiums written for 2008 of $6.0 billion, according to a special report on the U.S. E&S market by Oldwick, N.J.-based A.M. Best Company–which will be released at the annual conference of the Kansas City, Mo.-based National Association of Professional Surplus Lines Offices, Ltd. later this week.
In addition, the same report shows that American International Group, whose property and casualty operations are now branded under the Chartis banner–with contributions for Lexington and American International Specialty Lines Insurance Company–together eclipsed every other group writing E&S insurance.
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