Peter Zaffino has revealed wholesale unit Lexington grew Q2 NPW 38 percent for property and 41 for casualty, while he also highlighted an overall acceleration in AIG’s commercial rate increases for both North America and international while loss cost inflation was unchanged.
Lexington’s CEO Lou Levinson recently spoke with The Insurer about the E&S carrier’s transformational underwriting and how it has led to growth and profitability. “I think the wholesale brokers are right and E&S is going to continue to grow and be an important part of the entire P&C industry,” he said.
Lexington Insurance Company, an American International Group, Inc. (AIG) company, today announced the launch of the Lexington Middle Market Casualty team, a group of dedicated underwriters focused on providing insurance coverage exclusively to small-to-medium-sized commercial enterprises, substantially expanding the company’s market reach beyond upper middle-market and large enterprises.
Smallcombe plans to continue strengthening his team, which is already known for its underwriting expertise in a wide variety of lines. Risks are continuing to evolve at an astonishingly fast pace and Smallcombe is committed to developing fast-paced insurance solutions in tandem with the company’s wholesale broker partners. These solutions allow the company to proactively address new risks by providing specialty casualty products that complement products offered by AIG’s other business groups.
Doing the right thing has guided Julia Keenan, head of LexPro, throughout her career. As an insurance executive, there are decisions to be made every day. Taking the moral path will typically yield solid results.