Starting out as a Bail Bonds insurer in 1989, Lexington National has grown into a nationally recognized insurance carrier specializing in Bail Bonds, Contract Surety, Commercial Surety, and CLIPs. Lexington National will also consider Surplus opportunities through its parent, Concord Specialty Insurance Company.
Being a family owned and operated company, Lexington National’s philosophy has always been focused on three core principles:
We are only successful if our clients are successful.
We do everything possible to ensure the success of our clients. This means being accessible 24/7 and working hard to provide clear answers and assistance to all of our clients. Clients have direct access to the executive team and can expect response times that rival any other carrier. Remember, you never need to wait until tomorrow to call us.
We will either find a way or make a way.
We understand that many behemoth carriers will tell their clients that it is their way or no way. At Lexington National, we listen to our client’s ideas and are willing to work with them to find solutions.
Develop long-term relationships.
We are not interested in doing just one deal with a company. When we work with someone, we are looking to do business together for years to come.
The Frank family establishes Lexington National in Maryland with the purpose of supporting its retail bail bonding agency
Lexington National receives its first license outside of Maryland
Lexington National receives a Certificate of Authority from the Department of the Treasury and is deemed an acceptable surety on Federal bonds
Ronnie Frank becomes President of Lexington National
Lexington National completes its 50-state licensing expansion
Lexington National receives an A- A.M. Best rating
Lexington National establishes CLIP authority
Lexington National’s sister company Lexington National’s Warranty Services establishes Obligor authority
The Frank family establishes Concord Specialty Insurance Company in South Dakota to act as a surplus lines carrier
Revolutionary Holding Company created by the Frank family in Delaware as holding company for Lexington National Insurance Corporation, Concord Specialty Insurance Company, and HK Insurance Group, Inc.
Lexington National enters reinsurance agreement with highly rated Treasury list reinsurer to provide $5M/$10M contract surety program