Lexon Surety Group, LLC is a combination of Lexon Insurance Company and Bond Safeguard Insurance company, both of which are actively engaged in the business of surety bonds. Lexon Insurance Company, purchased in 2003, is a Texas-based insurance company. Bond Safeguard Insurance Company, purchased in 2001, is a South Dakota-based insurance company. Collectively, Lexon Surety Group is licensed to transact business in 49 states, Washington DC, Guam and The Commonwealth of the Northern Mariana Islands through a nationwide network of surety agents and brokers.
In its relatively short existence, management has demonstrated the ability to profitably underwrite multiple lines of surety business, both standard and non conforming accounts. It is from this tactical underwriting approach, which goes far beyond the standard market approach, that the management and staff of skilled underwriters have steadily grown the company to the 11th largest writer of surety bonds, according to the Surety & Fidelity Association of America’s 2015 report.
Lexon Surety Group has shown that not every bond is subject to traditional underwriting standards and has excelled at thinking outside of the proverbial “underwriting box” to get the bond written.