Lexington Insurance Launched Financial Institutions Practice
The firm expanded its LexPro wholesale channel with a new unit targeting midmarket banks and asset managers.
Updated on Sept. 29, 2026 in Financial Services
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Lexington Insurance has established a new financial institutions practice within its LexPro wholesale broker channel. The division aims to provide specialized support for banks, asset managers, and broker dealers.
Why it matters
This strategic move allows Lexington Insurance, a subsidiary of American International Group, to better serve the midmarket sector through expanded access to excess and surplus lines.
The new practice operates through LexPro, the wholesale broker channel of Lexington Insurance, specifically to provide excess and surplus lines. This launch represents a new operational vertical for the firm within the midmarket sector.
The players
Kevin Ware
He is the newly appointed head of financial institutions for LexPro and previously served as a vice president at CRC Group.
Lexington Insurance
It is a subsidiary of American International Group that operates the LexPro wholesale broker channel.
Julia Keenan
She serves as the head of LexPro and oversees the newly established financial institutions practice.
The details
Lexington Insurance, a subsidiary of American International Group, has tapped Kevin Ware to lead this new institutional initiative. Operating from Denver, Ware will report to LexPro head Julia Keenan to manage the firm's outreach to financial service clients.
Timeline
September 29, 2026: The practice expansion was officially announced.
Market Landscape
This move reflects a broader trend of insurers deepening their footprint within the midmarket financial sector to capture niche wholesale demand. By formalizing this practice, the company is positioning itself to compete more aggressively for the business of regional asset managers and dealers.
Midmarket financial firms may see new options for securing specialized excess and surplus lines coverage through LexPro brokers. Clients can expect consistent service standards as the firm integrates this new practice into its existing wholesale channel.
The takeaway
Financial service firms should evaluate how new wholesale insurance offerings might refine their existing risk management strategies. The establishment of this practice highlights the ongoing importance of specialized brokerage units in the current midmarket economy.
Further reading
For more information on the industry, visit the Financial Services section.
Source note: This article includes information reported by Business Insurance.
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