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Ironshore to fully acquire Lexon Surety Group

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Ironshore to fully acquire Lexon Surety Group

Ironshore Inc.on April 10 announced that it has reached an agreement to acquire the remaining80% equity interest in LexonSurety Group LLC and its surety-related affiliates.

Ironshore will use cash on hand to fund the purchase in anall-cash transaction expected to close this year, subject to regulatoryapprovals and other customary conditions.

Ironshore became a 20% owner of Lexon in 2014 following its initial investmentin 2013.