Lexington National Insurance

Name

Lexington National Insurance

Legal name

Lexington National Insurance Corporation

Website

https://lexingtonnational.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Surety Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128), Insurance Carriers and Related Activities (524)

SIC

Surety Insurance (6351), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Surety Bonds (FSAJAIAB)

akta.pro secondary industries

License & Permit Bonds (FSAJAIAF), Dealer-Sold & F&I Administered Service Contracts (Dealer Obligors) (FSAJALAD), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Surety bond services
• Bail bond underwriting
• Contract surety bonds
• Commercial surety bonds
• Contractual liability insurance

Headquarters

HQ city

Cockeysville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Bail Bond Premiums: Bail bond agents pay premiums (typically 10% of the face amount of the bond) to the surety company. The agent collects from defendants and remits to Lexington National.
2. Surety Bond Premiums: Contract and commercial surety bonds generate premiums, typically ranging from 0.5% to 3% of contract value depending on risk factors, credit, and program structure. Premiums are one-time fees aligned with bond terms.
3. CLIP (Contractual Liability Insurance Policy) Premiums: Premiums from backing service contract obligations for providers, obligors, auto dealers, retailers, manufacturers, and warranty administrators across automotive, consumer goods, and home warranty programs.
4. Foreclosure Bond Fees: Foreclosure (trustee) bonds charged at rate per $1,000 of bond amount: $3.50 for Maryland (minimum $75), $10.00 for DC (minimum $150).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Lexington National Insurance Corporation underwrites specialty surety bonds and contractual liability insurance, offering bail bonds for licensed agents, contract surety bonds for construction contractors, commercial surety bonds across multiple categories (license, permit, court, fidelity, foreclosure, immigration), and Contractual Liability Insurance Policies (CLIPs) backing service contract obligations. The company also operates Concord Specialty, a surplus lines fronting carrier. Distribution is exclusively through appointed licensed agents, producers, and brokers across all 50 states and DC.

Product overview

Lexington National Insurance Corporation is a specialty insurance company offering a portfolio of surety and warranty products. The core offerings include Contractual Liability Insurance Policies (CLIPs) for service contract providers, Contract Surety Bonds for contractors, Commercial Surety Bonds across various bond types, and Bail Bonds for licensed bail agents. Supporting services include surplus lines fronting through Concord Specialty, electronic payment processing, claims management systems, and technology tools like the Lex-Bail reporting platform. The company is Florida-domiciled with administrative headquarters in Maryland, licensed in all states.

Differentiator

Problem solved

Functional benefit

Brands

• Concord Specialty: Surplus lines fronting services for small and midsize insurance programs.

Products and services

• Contractual Liability Insurance Policies (CLIPs)

Quantifiable outcome

• Respond within 24 to 48 hours to bond requests once complete submission is received; same-day turnaround for established accounts.
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Lexington National Warranty Services (LNWS)coreStrategic or Co-development PartnerAffiliate obligor entity licensed across the country (except Florida) that can serve as obligor/provider for service contract programs. Provides turnkey solution for administrators wanting to use Lexington's CLIP without obtaining their own obligor license.
• Concord Specialty Insurance CompanycoreStrategic or Co-development PartnerParent company and affiliated surplus lines carrier. A-rated surplus lines company focused on providing fronting capacity to small and midsize programs. Covers nearly every P&C line except workers comp, across all states except California.
• U.S. Small Business Administration (SBA)minorStrategic or Co-development PartnerActive participant in SBA Surety Bond Guaranty Program, allowing qualified small contractors who don't meet traditional underwriting standards to obtain bonding through Lexington National.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Philadelphia Indemnity Insurance Company: Specialty P&C carrier with a dedicated surety and contract bond practice serving small and mid-market contractors, operating through appointed producers across all U.S. states—directly comparable to Lexington National's contract surety franchise.
• RLI Corp: Specialty insurance holding company underwriting surety, commercial, and niche P&C lines through independent agents; closely comparable to Lexington's specialty, multi-line, agent-distributed model.
• Merchants Bonding Company: Mutual surety writer focused on contract and commercial surety for small and emerging contractors, similar in target customer and underwriting approach to Lexington National's contract surety book.
• SureTec Insurance Company: Specialty surety carrier providing contract, commercial, and court bonds through appointed agents, with comparable focus on smaller contractors and flexible underwriting.
• International Fidelity Insurance Company (IFIC): Surety-focused carrier writing commercial surety, contract surety, and fidelity bonds through producer networks, overlapping directly with Lexington's commercial surety product set.
• Lexon Insurance Company: Specialty surety and bond provider offering contract, commercial, and court bonds through appointed agents—closely overlapping with Lexington National's product set and distribution model.
• Allegheny Casualty Company: Specialty surety carrier focused on small and mid-market commercial and contract surety needs, with an underwriting philosophy emphasizing flexibility for non-standard risks—highly comparable to Lexington's niche positioning.

Broad incumbents

• HCC Specialty (Tokio Marine HCC): Large specialty insurance group offering surety, professional lines, and warranty products through diverse distribution; broader portfolio than Lexington but directly competitive in the same surety niches.
• Liberty Mutual Insurance (Surety): Top-three U.S. surety carrier with broad commercial and contract surety capabilities; competes with Lexington for larger contract surety placements and agent relationships.
• Travelers (Bond & Financial Products): Largest U.S. surety writer, offering contract and commercial surety across all 50 states; competes for the same contractor and producer relationships that Lexington serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lexington National Insurance