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November 17, 2021 in Editors' Featured
Lexington’s Levinson on Why E&S Is More Relevant Now Than Ever
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When Lou Levinson became president and CEO of Lexington Insurance in late 2018, he knew the company needed a change. He believed that Lexington should be a wholesale focused distribution channel and that the company should remain focused and disciplined in risk selection. That meant making changes to the Lexington’s foundation, and those changes have worked. “It made a difference. It really had an impact on our company and our trading relationships. It mattered,” Levinson told Insurance Journal’s Andrea Wells. Those changes allowed to pivot profitability quickly by rebuilding its portfolio with significantly less volatility and a much better mix and balance of business, he said. And in today’s rapidly growing E&S market that change mattered. In this interview, Levinson talks about Lexington’s future, the current state of surplus lines and what’s to come in 2022 for sector.
