Lexington Insurance Company has increased its capacity for commercial domestic property insurance by an additional $1 billion, raising the total non-catastrophe property capacity to $1.5 billion.
Lexington’s additional $1 billion capacity covers a broad array of North American-based commercial occupancies on any non-catastrophe exposed account, including commercial real estate, manufacturing, municipalities, retail and healthcare risks and can be offered on a global basis.
The new capacity, combined with Lexington’s risk management services, property loss-prevention engineering and claims expertise, enables clients with very high commercial property exposure to protect the full breadth of their commercial property assets.
The commercial property coverage is available through Lexington’s multiple distribution channels, including retailers, wholesalers, and Lexington’s London and Bermuda operations for North American-based property risks.
Kevin Kelley, chairman and CEO, said: This additional capacity demonstrates Lexington’s commitment to best serve our clients that need significant property limits. The increased capacity allows us to help a market segment we believe is currently underserved.