Innovations, increases growth rate of fuel Lexington
Lexington Insurance Co. The biggest surplus lines insurer Insurance Business in the annual ranking remained at the top of his class during the year 1999, compared to $ 1.01 billion in gross premium income on a direct unauthorized base 2.6% higher than $ 986.2 million reported a year earlier.
It is a turning point in 1998, Lexington reported a decline of 4.2% of premiums. Kevin H. Kelley, president and chairman of Boston-based surplus lines subsidiary of American International Group Inc., due on results and increases sales of new products. And growth is expected to be next year, as the insurer continues with the introduction of new products. Since 1999, the insurer has different programs, including: * acts of violence Coverage responsibility to protect companies from liability because of the violence in the workplace. This policy fills gaps, if any, in general, accountability and employers of responsibility programmes.
EPL Risk Management Services, select a risk management and loss control program for employment practices liability insurance, has a staff based on the Internet and a tutorial to cope with the employer requirements Hotline by recent U.S. –
Supreme Court decisions. * The employment practices liability coverage for the hospitality industry, including housing, playgrounds and a restaurant. Lexington undertakes a rating of A + + hours Best Co. and a AAA rating from Standard & Poor’s Corp. 2: American International Specialty Insurance Co. AISLIC Lines, like its sister AIG surplus lines, Lexington, reported premium growth for 1999. Almost correspondents Lexington this year on the ranking of the best surplus lines insurers, American International Specialty Insurance Co. Lines wrote more than $ 1 billion in direct premiums, are not permitted, a 27.0% jump in 1998. Mr. Kelley’s Lexington, also is chairman of AISLIC, reflects on the outcome increases and new fields of activity. He went on specifics. AISLIC the combined ratio, which perhaps an expression of underwriting discipline throughout the industry surplus lines, improving 90.3% last year from 93.0% in 1998.
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